Pip value
What is one pip worth on this trade, in your account currency?
Free, sign-in needed Built by IBFX
The broker I use
CXM Direct, IBFX’s main partner
Rather than listing a dozen brokers, IBFX introduces one: the broker I use and follow closely. That page sets out why I chose CXM Direct, the weak points you need to know first, and how to start safely.
- Cent account from 10 USD
- MT4, MT5 and CXM Trader with a TradingView connection
- Copy trading and PAMM
Note: clients who register through cxmvn.net sign with CXM Direct LLC (St. Vincent), a company that holds no brokerage license.
Open a CXM Direct account ↗
Why I chose CXM Direct Read the CXM Direct review
The account button is a referral link (affiliate).
Forex tools
Calculators for pip value, position size, margin, profit and loss, pivot points, session hours, IB commission and rebate splits. Free, and they run in your browser.
Position size by risk
How many lots can you trade if you risk only a set percentage of your balance with the stop loss you have chosen?
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Margin
How much margin does this trade tie up at your account leverage?
Free, sign-in needed Built by IBFX
Profit and loss percentage
What percentage of your account did that trade gain or lose, and how much do you need to make to get back to break even?
Free, sign-in needed Built by IBFX
Pivot points
From the previous period's high, low, open and close, where do the pivot, support and resistance levels sit?
Free, sign-in needed Built by IBFX
Forex market hours
Which session is open now, and when do the sessions overlap?
Free, sign-in needed Built by IBFX
Currency converter
What is the mid-market rate, and what do you actually receive once a bank or card adds its markup?
Free, sign-in needed Built by IBFX
Currency correlation
Do the two pairs you are about to trade move together, doubling your risk?
Free, sign-in needed Built by IBFX
Currency strength
Among the 8 major currencies, which are strong right now and which are weak?
Free, sign-in needed Built by IBFX
Pair volatility
Which pairs are moving hard, and which are going sideways?
Free, sign-in needed Built by IBFX
Risk-on / Risk-off
Is the market taking on risk, or looking for shelter?
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Currency heatmap
Which pairs rose or fell the most over the period?
Free, sign-in needed Built by IBFX
IB commission estimate
From the lots and rebate rates you enter for each product group, what does the commission add up to?
Free, no sign-up Built by IBFX
Multi-level rebate split
How do you split the rebate per lot across IB levels so the levels add up to exactly what the broker pays?
Free, no sign-up Built by IBFX
CXM liquidity limits
Does any trade in this list go past CXM's liquidity limits, counted across every account?
Free, no sign-up Built by IBFX
Trading journal
What are the win rate, average R and maximum drawdown of the trades you have logged?
Account needed Built by IBFX
Saved tool settings
Do the settings you use in the tools follow you to another device?
Account needed Built by IBFX
IB partner
Become an IB with IBFX
- CXM Direct The broker, pays the IB commission
- IBFX Master IB
- You IB in the IBFX network
- Your clients Open an account and trade
IBFX is a Master IB of CXM Direct. An IB in the IBFX network introduces clients to CXM and receives a share of the commission under the agreement; where a markup is set, the client pays a wider spread. The IB partner page spells out what an IB is responsible for and the legal risk in Vietnam.
See the IB program Read these first
8 foundation guides
Understand pips, lots, leverage, margin, the stop loss and the reward-to-risk ratio before you go near indicators and strategies.
Forex basics
What is forex? The basics you need to know about forex trading
Thick advertising that treats Forex trading as a money-printing machine, or as making money with a single click of the mouse, has drawn a great many people to forex and left it badly misunderstood…
Forex basics
What is a pip? How to calculate the value of a pip in forex
A pip is short for percentage in point, the unit that measures the price movement of a financial instrument such as a currency pair, a metal, an index or a share…
Forex basics
What is a lot? How to work out lots in forex
A lot is the unit that measures position size in forex trading. In everyday life we have units such as the meter, the kilogram and the liter; each kind of product has a unit of its own…
Forex basics
What is leverage? How much leverage should you use in forex trading?
Leverage is a very familiar idea in corporate finance, where it is about using borrowed money in the running of a business to get the most profit out of it. In financial investing leverage matters just as…
Forex basics
What is margin? Margin level, margin call and stop out
Margin is the money the broker holds so you can open and keep a trade open. This guide explains how to calculate margin, equity, free margin, margin level, margin call and stop out, and why the position size decides how many pips your account can take.
Forex basics
What is a stop loss? How to set a stop loss in forex trading
A stop loss, like spread, pip, lot or commission, is one of those basic but very important terms in forex trading. A stop loss is treated as one of the risk management tools you cannot do without, and yet…
Forex basics
What is the R:R ratio? How to calculate risk/reward and the win rate you need
The R:R ratio compares the loss if price hits your stop loss with the gain if price hits your take profit. This guide shows how to calculate R:R, the win rate you need to break even, what trading costs do to it, and how to use R:R together with position size.
Trading practice
The 2% money management rule used by professional investors
In forex trading, alongside analysis skills, money management is a skill no trader can do without. Good money management skills will…
Learn Forex
All guides
Latest by category
146 guides in 4 categories, from the first concepts through to money management and what an IB does.
Forex basics
52 guides · 3 most recent
- How to choose a forex broker to trade with
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Technical analysis
54 guides · 3 most recent
- What is the Golden Cross? How does it differ from the Death Cross?
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Brokers
How to check a broker
Broker reviews
IBFX has a review and a set of guides for 5 brokers. Those articles carry referral links.
CXM Direct
Clients who sign up through cxmvn.net contract with CXM Direct LLC (St. Vincent, no brokerage license). Cent, Standard, ECN and ZERO accounts; MT4, MT5 and CXM Trader with a TradingView connection; copy trading and PAMM available.
HFM (HF Markets, formerly HotForex)
International clients contract with HF Markets (SV) Ltd (St. Vincent, no brokerage license). Cent, Premium, Pro, Zero and Top-up Bonus accounts; MT4, MT5, HFM WebTrader and the HFM app; copy trading available.
Tickmill
International clients contract with Tickmill Ltd (Seychelles, holding FSA license number SD008). Classic and Raw accounts; MT4, MT5, Tickmill Trader and TradingView; copy trading available.
Deriv
The Deriv group has operated since 1999, with licensed entities in the BVI, Vanuatu, Labuan, Mauritius and the Cayman Islands; its St Vincent and Samoa entities hold no brokerage license. MT5 Standard, Zero Spread, Swap-Free, Financial and Gold accounts; Deriv MT5, cTrader, TradingView, Deriv Trader and Deriv Bot; Derived Indices trading 24/7.
D Prime (Doo Prime)
The risk disclosure names Doo Prime Vanuatu Limited (Vanuatu, VU FSC licence number 700238); the licence page adds FSA Seychelles number SD090. CENT, STP and ECN accounts from a 5 USD minimum deposit; MT4, MT5, D Prime InTrade and TradingView; maximum leverage 1:1000.
About IBFX
CXM Direct is IBFX’s main partner. If you open an account through a referral link on this site, IBFX may receive a commission from the broker; you pay nothing extra.
The guides and broker reviews on this site are available in English, translated from the Vietnamese originals. The calculators above are complete: each one shows the formula, the conventions it follows and a worked example, so you can check the result by hand.