FREE FOREX CALCULATORS

Free Forex Trading Tools & Calculators

Professional-grade forex calculators and trading tools — completely free, no login required. Calculate pip values, position sizes, compounding, Fibonacci, margin requirements, pivot points, and more in seconds.

17Free Tools
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All 17 Free Forex Trading Tools

calculators

Pip Value

Calculate the exact monetary value of each pip movement in your account currency for any major, minor, or exotic currency pair. Essential for setting accurate stop-losses and knowing your true risk on every trade.

  • All major pairs
  • Real-time rates
  • Multiple lot sizes
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calculators

Position Size

The essential risk management tool - enter your account balance, risk percentage, and stop-loss in pips to instantly compute the exact lot size that keeps you within your risk limits on every single trade.

  • Risk % based
  • Automatic conversion
  • Precision inputs
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calculators

Gain & Loss

Calculate the exact percentage gain required to recover from any specific drawdown. Understand the compounding math behind losses so you can make informed decisions about risk and account recovery.

  • Drawdown analysis
  • Recovery mapping
  • Compounding math
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Margin

Determine the exact capital your broker requires to open and maintain specific trades at your chosen leverage settings. Monitor your free margin in real time and prevent unexpected margin calls.

  • Leverage settings
  • Free margin check
  • Dynamic calculations
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calculators

Drawdown Calculator

Calculate peak-to-trough account drawdown percentage, monetary loss, and exact compounding percentage gain required to recover. Includes prop firm risk buffer monitoring.

  • Peak-to-trough %
  • Gain to recover math
  • Prop firm buffers
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calculators

Compounding Calculator

Simulate trading account growth over time. Model daily, weekly, and monthly compounding returns, optional deposits, profit retention, and Rule of 72 doubling timelines.

  • Periodic projections
  • Rule of 72 doubling
  • Deposit modeling
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calculators

Currency Converter

Convert currencies instantly with live mid-market exchange rates. Supports all major and minor forex pairs, Gold (XAU), Silver (XAG), Bitcoin, and real-time reverse rates.

  • Live interbank rates
  • Majors, minors & metals
  • Conversion tables
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Leverage Calculator

Calculate required margin deposit, total notional market exposure, true effective leverage ratio, and margin call safety buffers across all regulatory leverage tiers (1:30 to 1:500).

  • Required margin
  • Effective leverage
  • Margin call gauge
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calculators

Profit & Loss

Calculate expected profit or loss in pips and account currency before entering any forex or crypto trade. Supports buy/sell positions, custom lot sizes, and multi-target R:R scenarios.

  • Buy & sell positions
  • Pips & dollar return
  • R:R target matrix
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calculators

Swap / Rollover

Calculate overnight rollover interest fees (debits) and carry trade credits for holding forex positions overnight. Includes Wednesday 3-day triple swap modeling and benchmark rates.

  • Overnight holding costs
  • Wednesday triple swap
  • Carry trade returns
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calculators

Risk of Ruin

Determine the statistical probability that your trading strategy will suffer severe drawdown or account wipeout based on win rate, risk per trade, payoff ratio, and sample size.

  • Balsara ruin formula
  • Win rate & payoff model
  • Drawdown sensitivity
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PROP TRADER

Prop Consistency

Verify whether your trading track record complies with prop firm consistency rules (30%, 40%, 50% max day limits). Calculates exact additional profit needed to pass evaluations.

  • 30%, 40%, 50% rules
  • Daily profit weighting
  • Pass/fail audit checker
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ANALYSIS

Fibonacci Calculator

Generate 8 Fibonacci retracement levels (including 61.8% Golden Ratio and 78.6% OTE) plus 6 extension profit targets (161.8%, 200%, 261.8%) for any swing high and low.

  • 8 Retracement levels
  • 6 Extension targets
  • Golden Pocket (61.8%)
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analysis

Pivot Point

Generate Classic, Woodie, and Camarilla support and resistance levels from the previous session's OHLC data. Used by institutional trading desks worldwide for high-probability intraday trade planning.

  • Classic, Woodie, Camarilla
  • 4 S/R levels
  • Daily/Weekly data
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analysis

Correlation

Visualize how currency pairs like EUR/USD and GBP/USD move in relation to one another across multiple timeframes. Avoid unknowingly doubling your risk exposure by trading highly correlated pairs simultaneously.

  • Live correlation matrix
  • Multiple timeframes
  • Risk diversification
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analysis

Risk Meter

Gauge the overall risk environment across financial markets and align your forex strategy with current sentiment. Identify high-risk market conditions and adjust your position sizing before entering trades.

  • Weighted risk factor
  • Market sentiment gauge
  • Exposure summary
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market

Market Hours

Track live global session overlaps between Tokyo, London, and New York - the highest volatility windows where institutional liquidity peaks. Automatically adjusts to your local timezone with live countdown timers.

  • Local time auto-sync
  • Major session overlap
  • Countdown timers
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TRADE WITH MATHEMATICAL PRECISION

Why Professional Traders Rely on Our Tool Suite

Consistent profitability in financial markets isn't about guesswork — it's about disciplined execution, accurate position sizing, and knowing your numbers before risking real capital.

Guaranteed Risk Control

Never risk more than your predefined 1% or 2% limit. Our calculators dynamically sync with live exchange rates to provide exact lot sizes down to the micro lot.

Zero Latency & No Login

Instant client-side computation with zero paywalls, popups, or signup forms. Built for fast execution when market volatility accelerates during session overlaps.

Curriculum Integrated

Every single tool connects directly into our 22-course curriculum, complete with mathematical formulas, pro tips, and practical examples to elevate your edge.

HAVE QUESTIONS?

Frequently Asked Questions

Yes. All 17 forex trading tools on MyForexSchool are completely free to use. No login, no subscription, and no credit card required. Simply open any calculator and start computing instantly.

Our forex tools use real-time and session-based data feeds to ensure precision. The pip value, margin, currency converter, and leverage calculators use live exchange rate data, while technical tools like Fibonacci and Pivot Points use exact mathematical formulas.

Yes. All MyForexSchool trading tools are fully responsive and optimised for mobile devices. Access any calculator from your smartphone or tablet browser without needing to download an app.

A pip value calculator tells you the exact monetary value of a single pip movement in your currency pair, based on lot size and account currency. Essential for calculating stop-loss distances and understanding your true dollar risk per trade.

Enter your account balance, risk percentage (e.g. 1%), and stop-loss distance in pips into our position size calculator. It instantly computes the exact lot size so you never over-leverage your account.

Yes! Our suite includes dedicated prop trader tools such as the Prop Firm Consistency Calculator (30%, 40%, 50% rules), Drawdown Calculator, and Risk of Ruin Calculator tailored specifically for evaluation criteria.