MY TRADING LENS • TRADING TOOLS

Tools & Resources

Practical tools designed to help traders calculate risk, understand pip values and assess relationships between currency pairs.

Position Size Calculator

Calculate an estimated forex position size based on your account balance, risk percentage and stop-loss distance.

Account Balance (USD)

Risk (%)

Stop Loss (pips)

Pip Value per 1 Standard Lot (USD)

Estimated Position Size

0.00 lots

Pip Calculator

Estimate the monetary value of a pip based on your trade size.

Currency Pair

Trade Size (Lots)

Number of Pips

Estimated Trade Value

$0.00

Forex Correlation

Explore the historical relationship between selected major currency pairs. Values range from -1 to +1.

First Currency Pair

Second Currency Pair

Correlation:

0.00

Major Pair Correlation Reference

	EUR/USD	GBP/USD	AUD/USD	NZD/USD	USD/JPY
EUR/USD	1.00	0.80	0.55	0.50	-0.35
GBP/USD	0.80	1.00	0.60	0.55	-0.40
AUD/USD	0.55	0.60	1.00	0.85	-0.45
NZD/USD	0.50	0.55	0.85	1.00	-0.40
USD/JPY	-0.35	-0.40	-0.45	-0.40	1.00

Important: Correlation changes over time and depends on the timeframe, market conditions and data source. The reference values above are illustrative rather than live market readings.

Educational use: These calculators provide estimates for educational and informational purposes. Actual pip values, position sizing requirements, margin, spread and execution conditions can vary by broker, account currency and instrument. Always verify calculations with your broker before placing a trade.