Deguru Tools offers a comprehensive suite of professional forex trading tools that are designed to enhance the trading experience of users. The suite includes a Position Size Calculator, which allows traders to calculate the optimal trade size to manage risk effectively. Users can input their account details, set risk parameters, and view the results in terms of position size in lots and units, along with the pip value for precise trade entries. This calculator adjusts for special instruments like JPY pairs and Gold (XAU/USD), providing consistent risk management tailored to the user's strategy.
Another useful tool is the Pip Value Calculator. It helps traders understand the monetary value of a single pip in their trades. Users can select the instrument, enter the prices, and view the pip distances, monetary values, and risk-to-reward ratios. This feature is helpful in evaluating the quality of a trade using risk-to-reward ratios and offers tailored calculations for different instrument types.
The Compound Calculator is ideal for estimating the growth of a trading account using compound interest. Users can input details such as the starting amount, return rate, time period, and frequency. They can also add any recurring contributions to see how they impact growth. The calculator provides a breakdown of total contributions, interest earned, and the final balance, visualizing the impact of consistent contributions and compounding, making it perfect for long-term trading and investment planning.
For traders in South Africa, the South African Tax Calculator is a valuable tool. It helps them understand and estimate their tax obligations as a forex trader. Users can enter their taxable income and select their age group to view a detailed tax breakdown based on the latest brackets. They can also discover which trading expenses are deductible.
The Forex Market Time Converter is essential for tracking global forex trading sessions and planning trades efficiently. Users can select their local time zone to synchronize market hours, monitor the real-time market status for major trading centers, and identify session overlaps for high liquidity. It provides countdown timers for market openings and closings, which is crucial for day traders and scalpers targeting active trading hours.
Overall, Deguru Tools simplifies complex calculations and provides clear insights, empowering traders to make informed decisions and manage their trades effectively.
