Our Forex Compounding Calculator calculates monthly earnings based on your specified Account Balance and the expected % return. The Expenses is the amount you need to withdraw from your account each month for living costs.
Everyone wants to make a million, that’s a common fact but how are you going to get there? What monthly % do you need to grow your account at and over how many years? How do you use a forex compounding calculator?
To understand compound interest, let`s start with simple interest – you place money and the bank pays you interest on your deposit.
For example, if you earn 5% per annum, a $1000 deposit will bring you $50 in a year. Similarly, you will earn interest on your initial deposit, and you will earn interest on the interest you have just earned. That is compounding interest.
Now applying that to Forex, our compounding calculator is the tool that is best suited to trading strategies that can take positive pips over time, regardless of the size of the position you place on the trade.