Innovative Forex Trading Tools from Forex Space

The Forex market is full of amazing tools for brokers but breaking them down and finding which ones work best for you can be tricky. Forex Space maximises trading potential by highlighting FX trading platforms with a huge range of free user-friendly tools.

Forex Tools for All Abilities 

 Forex can be an extremely complicated and time consuming pastime; however with Forex Space we have simplified the Forex process with a number of tools. Here are just three of the ways we can make the FX trading platforms easier to work with:

  • Pip Calculator: This allows you to work out the value of a single pip. A pip is the smallest incremental move an exchange rate can make and tracking pip value allows you to accurately compare exchange rate changes between currencies.
  • Forex Heat Map: See Forex changes as they happen. This information is broken down into an easy to absorb heat map.
  • Historic Price Lookup:  A quick search facility to see previous exchange rates.

Our Forex trading tools are tailor made to suit all abilities including beginners who are having trouble making Forex trading platforms work for them. Tools such as the heat map are great as the Forex market is clearly broken down and changes are highlighted as they happen. For expert traders looking to expand their Forex knowledge we have a plethora of information readily available, like the margin calculator to compute the margin you need to hold open positions and much more.

Find Forex Tools Today

With the right trading tool, currency trading platforms are simplified and your profit potential maximised. Sign up to Forex Space today and let us make Forex work for you.

ForexSpace.com Pip CalculatorEnables you to work out the value of a single pip, the smallest incremental move an exchange rate (currency pair) can make. Depending on the context a change of 1 pip is normally one basis point (0.0001 in the case of EUR/USD, GBP/USD, USD/CHF and most other currencies but 0.01 in the case of USD/JPY). Simply type in the number of lots you are trading with and select one currency from your pair to allow you to compare to others on the list.

 

Use Pip Calculator

Spread Cost CalculatorUse the ForexSpace.com spread cost calculator to quantify and compare the impact of spreads on various trade scenarios.

 

View Spread Cost Calculator

Fibonacci CalculatorFiobonacci Calculator is very easy to use just enter the start point “From” and end point “To” of the moves of the previous up-or-down trend and then press go.

 

View Fibonacci Calculator

Risk Probability CalculatorThe "Risk Probability Calculator" (RPC) was designed to work hand in hand with the Fibonacci retracement levels. It is therefore important that you have some understanding of how basic Fibonacci works.

 

View Risk Probability Calculator

A FX (Foreign Exchange) HeatmapSee Forex changes in real-time on a heatmap which is a visual map of forx rates and tells you what currency pair to trade across 28 currency pairs.

 

View Heatmap

FX Currency CalculatorCalculate live currency and foreign exchange rates with our currency calculator. Simply enter the quantity of currency you want to change in the top box select the relevant currency pair below to a get a quick and accurate quote.

 

View Currency Calculator

Historical FX Price lookup toolCompare historical foreign exchange rates for up to five currencies, as either a currency graph or exchange rate table.

View Historic Price Lookup

FX Margin CalculatorThis calculator allows you to compute the margin you need to hold open positions. Simply select your account currency and its trading pair, before entering the number of units you are trading with.

 

View Margin Calculator

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Overview

Selected Instrument chart
United States USD/JPY 102.4250 0.0250 0.02%
European Union EUR/USD 1.3819 0.0005 0.03%
United Kingdom GBP/USD 1.6783 -0.0011 -0.06%
Gold (USD/oz) 1,295.7950 -0.0050 -0.00%
Silver (USD/oz) 19.6564 0.0000 0.00%
United States Dow Jones Ind. 7,634.4200 42.8800 0.56%
Names are simplified for your convenience
Show more FX Rates

Majors

Selected Instrument chart
United States USD/CHF 0.8826 -0.0005 -0.05%
United States USD/CAD 1.1008 -0.0001 -0.01%
European Union EUR/GBP 0.8236 0.0010 0.12%
European Union EUR/CHF 1.2196 -0.0003 -0.02%
South Africa EUR/ZAR 17.6001 -0.0320 -0.18%
Australia AUD/USD 0.9333 0.0004 0.04%
Names are simplified for your convenience
Show more FX Rates

Others

Selected Instrument chart
Taiwan TWD/HKD 17.6001 -0.0320 -0.18%
India INR/USD 0.0166 0.0000 0.11%
Taiwan TWD/USD 0.0331 0.0000 0.00%
New Zealand NZD/USD 0.8588 0.0014 0.16%
Hong Kong HKD/USD 0.1290 0.0000 0.00%
Names are simplified for your convenience
Show more FX Rates

Indices

Selected Instrument chart
United States Dow Jones Ind. 16,408.5400 -16.3100 -0.10%
United Kingdom FTSE 100 6,625.2500 41.0800 0.62%
United Kingdom FTSE 250 15,907.9100 161.9300 1.03%
Hong Kong Hang Seng 22,760.2400 64.2300 0.28%
Japan Nikkei 225 7,963.9900 14.2980 0.18%
Australia ATX - Australia 2,468.0000 -21.0000 -0.84%
Names are simplified for your convenience
Show more FX Rates