# Tools-calculators

Powerful calculators to help you monitor the market for various opportunities and make informed trading decisions

Calculators
Earnex provides you with a range of cutting edge calculators to support your trading experience. Calculate important support and resistance levels for various instruments using Fibonacci, Deal Size and Correlation tools. ### Fibonacci Calculator

Fibonacci Calculator is a robust tool used to predict approximate price targets. The key levels are assumed to be 38.2%, 50% and 61.8% as they represent the most potent support/resistance levels. According to its corresponding direction, the price movement appears in "Uptrend" or "Downtrend" field.

### How to use

Type the lowest and the highest price of the observed price movement in their appropriate fields. Then press Calculate, and you will be given the expected correctional levels for this movement.

### Deal Size Calculator

A handy calculator that supports your decision on how many particular assets to buy and sell, calculating the accepted level of risk.

### How to use

Select your required instrument in the "Symbol" field. In the "Risk" field, input the size of the risky capital in the percentage of the account size. In the "Pips to Stop Loss" display, select how many points (pips) away your Stop-Loss should be placed. Then, to get the results, press "Calculate".

### Correlation Calculator

It displays the connection between the instruments and calculates the correlation coefficient. You can choose between currency pairs and commodities, comparing timeframes and number of periods.

• weak (0 to +/- 0.2)
• low (from +/-0.2 to 0.4)
• average (from +/-0.4 to 0.7)
• high (from +/-0.7 to 0.9)
• strongest (from +/-0.9 to 1)

### Currency Converter Earnex

As the name suggests, the tool enables you to convert between various currencies. Simply type the selected amount you'd like to convert setting both the input and the output currency. Then press "Calculate" to receive the results based on the live market rates.

### Margin Calculator Earnex

It helps the traders to estimate the margin required to secure a position they'd like to open. It is an essential tool as it allows you to decide whether to reduce or not the lot size you're trading and how much leverage to use not to exceed your trading balance. To use it, enter the data for your account currency, the currency pair being traded, the current leverage and the traded size, then click "calculate" to display the required margin.

### Pip Calculator Earnex

This calculator helps you calculate the pip value of each position in the currency you wish to trade in, thus supporting your risk management. To use it, set the currency pair being traded, your account currency and the traded size. After you press "Calculate" you will see how much each pip is worth.