The trading calculator shows 6 key values in your account currency:

• Margin: The capital required to open a position.

• Spread Cost: The fee paid when opening a position, based on the previous day’s average spread. Actual spread cost varies with market conditions and is finalized at order execution. Learn more about spreads on Rage Markets’ trading accounts and market pages.

• Commission: Charged on Raw Spread and Zero accounts per lot for both opening and closing trades. The displayed commission covers both sides and is charged at position opening. Spreads affect order profit/loss calculations, while commissions appear as separate costs. See our commission details online.

• Swap Short and Long: Interest applied on positions held overnight. Swap short applies to Sell positions, swap long to Buy. These rates fluctuate with market conditions and are finalized at overnight position rollover. More info available on our swap policies.

• Pip Value: The monetary value of one pip movement, calculated as Lots × Contract Size × Pip Size, helping you estimate potential profit or loss.

All results are in your account currency. For certain instruments, conversions use near real-time Rage Markets exchange rates.

For certain instruments, leverage is preset and appears grayed out in the trading calculator. In these cases, leverage is fixed and cannot be changed, regardless of your account’s leverage settings.

Traders often combine fundamental and technical analysis to predict price movements of currency pairs and other assets. Rage Markets provides top trading tools, including the Economic Calendar, Trading Central WebTV, and FXStreet News – all free and easily accessible to help you plan your trades confidently.

Yes, the trading calculator lets you explore different investment scenarios by factoring in variables like account type, currency, trading instrument, volume in lots, and leverage. It provides near real-time estimates for margin, commission, swap short, swap long, and pip value. However, since it uses average spread values, actual costs may vary at order execution.

To calculate pip value, use the formula:

Pip value = Lots × Contract size × Pip Size

The pip size is usually 0.0001 for most currency pairs, but for pairs involving the Japanese yen, it’s 0.01. Multiply the pip size by the lot size and contract size to find the pip value.

The pip value represents the monetary value of a one-pip movement in a trade, helping traders assess potential profit or loss. It’s calculated as:

Lots × Contract Size × Pip Size

and is expressed in the quote currency.

Long and short swaps are interest charges applied to positions held overnight. A long swap applies to Buy positions, while a short swap applies to Sell positions. Swap rates vary with market conditions and are finalized when the position is carried overnight.

Margin in trading is the capital a trader must have to open a position; it acts as a security deposit held by the broker throughout the trade.