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Understanding Margin and Leverage: Key Differences
Learn how margin and leverage work together in trading. The difference, the inverse relationship, and how leverage amplifies trading power.
Tools
Forex calculators
The arithmetic behind a currency trade, covering pip value, position size, margin, leverage and risk, worked out in your browser from the latest exchange rates.
- Pip calculatorWhat one pip is worth on a position, in your account currency.
- Profit calculatorProfit or loss on a trade from its open and close prices, in pips and in money.
- Position size calculatorHow many lots to trade so that a stop loss costs a set share of the account.
- Margin calculatorThe margin a broker holds against a position at a given leverage.
- Leverage calculatorHow leveraged a position really is, measured against the money behind it.
- Risk calculatorWhat a stop loss would cost on a position, in money and as a share of the account.
- Compounding calculatorHow a balance grows or shrinks when the same percentage repeats, period by period.
- Forex volatility trackerHow far the major currency pairs have been moving.
About these calculators
Rates
ECB reference rates, Oct 16. Reference rates are set once each business day, so results can differ slightly from a broker's live price.
Your figures
Everything is calculated in your browser. Nothing you enter is sent to us or to anyone else.
Risk
The results are arithmetic, not advice, and leave out spreads, commission, financing and slippage. Leveraged trading carries a high risk of loss. Financial disclaimer.