Free Forex Calculators — Position Size, Pip Value & Risk/Reward
🧮 FXSHOP24 TRADING TOOLS — FREE CALCULATORS
Position size, pip value and risk/reward — the three numbers to check before every trade. Free forever, no signup. Exchange rates: ECB daily reference (frankfurter.dev), refreshed by your browser.
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Position size (lots)
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Units
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Max loss if SL hit
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Profit if TP hit
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Risk : Reward
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Stop distance (pips)
Rule of thumb: risk 0.5–2% per trade. The calculator converts the pip value into your account currency at the latest ECB rate — so JPY crosses and gold are sized correctly too.
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Value of 1 pip in your currency
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Value of 1 pip in quote currency
1 pip = 0.0001 on most pairs, 0.01 on JPY pairs, 0.1 on XAUUSD. Standard lot = 100,000 units (gold: 100 oz).
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Risk : Reward
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Breakeven win rate
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Expectancy per trade (R)
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Is your win rate enough?
Expectancy = (win rate × reward) − (loss rate × risk). Positive = the strategy makes money over time. All FXSHOP24 signals use R:R 1:2 — you stay profitable even below a 40% win rate.
❓ Quick answers
Why does position size matter more than the signal?
Even a great strategy blows up with oversized lots. Risking a fixed % per trade means a losing streak costs you a bounded, survivable amount — and a winning streak compounds.
What is a pip worth on gold (XAUUSD)?
We use the common convention 1 pip = $0.10 move, so 1 standard lot (100 oz) earns/loses $10 per pip. Some brokers quote gold differently — check your contract specification.
How accurate are the exchange rates?
Rates come from the ECB daily reference via frankfurter.dev, fetched live by your browser. For sizing purposes (±1% precision) they are more than enough; your broker’s live rate is the exact one.