IC Markets
WriterAbir KhanWriterWrites the guides · checks every figure against primary sources View profileAbout Abir →
Written byAbir KhanWriter
Market analysisTanbir Habib RiyadForex & Crypto AnalystForex and crypto analyst · technical and fundamental analysis View profileAbout Tanbir →
Market analysis byTanbir Habib RiyadForex & Crypto Analyst
Fact-checking & riskJannatul FerdaushFact-Checker & Risk AnalystFact-checks every figure · risk analysis · Applied Statistics, University of Dhaka View profileAbout Jannatul →
Fact-checked byJannatul FerdaushFact-Checker & Risk Analyst
Trading reviewJowel RanaCo-Founder & Forex TraderCo-founder · forex trader · reviews guides from a trader's view View profileAbout Jowel →
Reviewed byJowel RanaCo-Founder & Forex Trader
Final approvalRanjan NiskrityFounder, Owner & Forex TraderFounder and owner · forex trader · signs off every guide View profileAbout Ranjan →
Approved byRanjan NiskrityFounder, Owner & Forex TraderLast verified Every tool tested this month
This tool is for education and planning only and is not financial advice. Forex and CFD trading carries a high risk of losing money rapidly due to leverage. Check your broker's own contract specifications, fees and margin rules before you trade.
Which tool to use, and when
| When | Question | Tool |
|---|---|---|
| Planning the week | What events and holidays are coming? | Economic calendar, holiday calendar |
| Picking a pair | Which currencies are strong or weak, and which pairs overlap? | Strength meter, correlation table |
| Timing the trade | Is the market busy right now in my time zone? | Market hours clock |
| Finding levels | Where are support, resistance and targets? | Pivot points, Fibonacci |
| Checking the idea | Is the reward worth the risk? | Risk-reward calculator |
| Sizing the trade | How many lots for my risk? | Position size, gold lot size |
| Before entering | What margin, pip value and costs apply? | Margin, pip, trading cost |
| Holding overnight | What will swap cost? | Swap calculator |
| Reviewing results | Can my account survive a bad run, and how will it grow? | Drawdown, compounding |
Why these tools end up open on every trader's screen
Most traders focus on entries. The arithmetic that decides whether a trade was worth taking gets skipped, and these tools close that gap in seconds.
Leverage: the number people skip
The problem is not leverage but using it blind. Our leverage calculator shows your full exposure before you open a trade.
Position sizing is the real edge
Most disciplined traders risk 0.5% to 2% per trade. The position size calculator turns that into an exact lot size, and the drawdown calculator shows why it matters.
Margin without surprises
The margin calculator shows how much capital a position ties up, so you keep room before a margin call.
Trade around the news
One surprise release can undo a clean setup. The economic calendar filters events by impact and country.
Conversions that add up
The currency converter helps with P/L in another currency, deposit conversions and cross-currency exposure.
Picking a broker
Spreads, execution and regulation differ widely. The broker finder and comparisons save you from the wrong one.
How we build our tools
Free, with no sign-up
Every tool is free. We earn when a trader opens an account through our broker links, which never changes a calculation or a ranking.
Standard formulas
Calculators use the industry-standard formulas, which each page explains, so you can check the maths yourself.
Named data sources
Live prices come from TradingView; reference rates from ExchangeRate-API and the European Central Bank. Each page says which, and how often it updates.
Built for phones
Every tool works in a phone browser, with nothing to install.
Forex Trading Tools FAQs
Are these forex tools really free?
Yes. There is no sign-up and no paid tier. We earn when a trader opens an account through one of our broker links, and that never affects the tools or our rankings.
How accurate are the calculators?
They use standard forex formulas and contract sizes. Your broker's spread, slippage and contract specifications can make real results differ slightly, so check those before trading.
Which tool should a beginner start with?
The position size calculator. Deciding how much to risk on each trade matters more than any entry signal. Then use the risk-reward and pip calculators.
What is the difference between leverage and margin?
Leverage is the size of your position compared with your own money. Margin is the cash your broker sets aside as collateral for it. More leverage means less margin, but a bigger swing in money for every pip.
How does the broker finder work?
You answer a few questions about how you trade, your experience, platforms and region, and it ranks the brokers that fit.
Do the tools work on mobile?
Yes. They run in any modern phone browser with nothing to install.
Sources: TradingView market data, ECB euro reference rates, ExchangeRate-API.