Forex Blog

A new on-line Forex toll was added to my site today. It’s a calculator for the risk and reward levels and ratio based on the Fibonacci retracements. To use this tool you just need to enter the values for the local maximum and minimum levels and the current price. It automatically calculates the 0.382 and 0.618 Fibonacci retracements and offers the recommended take-profit and stop-loss levels based on these values. The reward-to-risk ratio is also calculated, providing a useful indicator for the worthwhileness of opening the position in the current market situation. The positions are better to be opened if the current price is close to the 0.382 Fibonacci level. As with all other on-line Forex tools offered on my site, you can freely save this risk and reward calculator to your PC and run it without accessing the site on-line. If you have some questions or proposals regarding this tool, you can leave a comment here or contact me directly.

I’ve fixed some javascript related bugs in both pip value and position size calculators. Those bugs prevented newer versions of non-IE browser from actually calculating any results. I’ve also added new currencies and currency pairs to those calculators. Now they can handle 65 currency pairs. Here is the list of the currency pairs that were added today:

AUD/DKK (Australian Dollar — Danish Krone)
AUD/PLN (Australian Dollar — Polish Zloty)
AUD/SGD (Australian Dollar — Singapore Dollar)
CHF/SGD (Swiss Franc — Singapore Dollar)
EUR/CCK (Euro — Czech Koruna)
EUR/DDK (Euro — Danish Krone)
EUR/HKD (Euro — Hong Kong Dollar)
EUR/HUF (Euro — Hungarian Forint)
EUR/LVL (Euro — Latvian lats)
EUR/NOK (Euro — Norwegian Krone)
EUR/PLN (Euro — Polish Zloty)
EUR/SEK (Euro — Swedish Krona)
EUR/SGD (Euro — Singapore Dollar)
EUR/SKK (Euro — Slovak Koruna)
EUR/ZAR (Euro — South African Rand)
GBP/DKK (Great Britain Pound — Danish Krone)
GBP/NOK (Great Britain Pound — Norwegian Krone)
GBP/SEK (Great Britain Pound — Swedish Krona)
GBP/SGD (Great Britain Pound — Singapore Dollar)
GBP/ZAR (Great Britain Pound — South African Rand)
NZD/SGD (New Zealand Dollar — Singapore Dollar)
SGD/JPY (Singapore Dollar — Japanese Yen)
USD/CCK (US Dollar — Czech Koruna)
USD/DKK (US Dollar — Danish Krone)
USD/HKD (US Dollar — Hong Kong Dollar)
USD/HRK (US Dollar — Croatian Kuna)
USD/HUF (US Dollar — Hungarian Forint)
USD/LTL (US Dollar — Lithuanian litas)
USD/LVL (US Dollar — Latvian lats)
USD/MXN (US Dollar — Mexican Peso)
USD/NOK (US Dollar — Norwegian Krone)
USD/PLN (US Dollar — Polish Zloty)
USD/RUB (US Dollar — Russian Ruble)
USD/SEK (US Dollar — Swedish Krona)
USD/SGD (US Dollar — Singapore Dollar)
USD/SKK (US Dollar — Slovak Koruna)
USD/ZAR (US Dollar — South African Rand)

One of the best things about these calculators is that, unlike many others similar ones, these can be saved as a web page on your PC and used off-line, because they don’t require PHP or the Internet connection.

I’ve added a new calculator to the Forex tools section of the site — it’s a Position Size Calculator. It’s largely inspired by the Forex Position Size Calculator created by Rich Paredes from ForexProject.com. I’ve tried to improve it with own vision of the position size calculation and now you can check it out. It calculates position size in units and lots, it also returns the amount of risked money or the risk ratio for your position. Account currency and leverage are stored in the cookies.

Pip Value Calculator has been also upgraded so that you can now select account currency different from USD, it will also remember your selection for your next visit.