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Forex Trendy A Forex Trend detection Software !!!

Today I decided to add one more tool to what we are doing. As you know to make decision, a quick decision & then confirming with your...

Monday, October 15, 2012

Useful Tools Forex Trading Tools

1> Forex Economic news Calendar
     -- http://www.candleforex.com/ff/fxnewsalert.zip
    -- Download and install it

2>  Forex Daily Commentry
      Price Action analysis
--- Looks very good
---  http://www.youtube.com/user/FXEmpirecom


3> Nail Muller forex analyis

4> Margin Money Calculator 
The way it is calculated is described in above link

Trader Calculator:
On this page you can find formulae for calculating the value of one pip. The value of a pip is calculated on the basis of the current rate of a given currency pair.
Note that 1 InstaForex lot is 10000 USD.
Please find below a formula to calculate the value of one pip for currency pairs and CFDs :
Calculation of 1 pip value:
p.v. =1 * (trade volume)
     p.v. = 1/(USD/XXX) * (trade volume)
     p.v. =(AAA/USD)/ (AAA/BBB) * (trade volume)
Thanking You !!
Avinash Sawant

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