Friday, 25 September 2009

New Forex Tool — Risk and Reward Calculator

New Forex Tool — Risk and Reward Calculator
A new on-line Forex toll was added to my site today. It’s a calculator for the risk and reward levels and ratio based on the Fibonacci retracements. To use this tool you just need to enter the values for the local maximum and minimum levels and the current price. It automatically calculates the 0.382 and 0.618 Fibonacci retracements and offers the recommended take-profit and stop-loss levels based on these values. The reward-to-risk ratio is also calculated, providing a useful indicator for the worthwhileness of opening the position in the current market situation. The positions are better to be opened if the current price is close to the 0.382 Fibonacci level. As with all other on-line Forex tools offered on my site, you can freely save this risk and reward calculator to your PC and run it without accessing the site on-line. If you have some questions or proposals regarding this tool, you can leave a comment here or contact me directly.

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