London, UK (PRWEB) February 02, 2014
ForexMinute is always counted among those portals that’s assistance has been valued in effective forex trading. The world’s most renowned forex news portal has further proved its mettles as one by releasing the best and the latest forex trading tools, in which they have particularly highlighted the importance of using Profit & Loss Calculator.
Forex or Foreign Exchange is a financial market for many private investors to trade foreign exchange and speculate on the financial market. However, before embarking on specific Forex trading, it is necessary to understand it’s functioning, notably concerning the processes that determine profits and losses on investments. ForexMinute’s Profit &
Tool Calculator does just that.
The ForexMinute founder Mr. Jonathan Millet further elaborates the functionality with which the Profit & Loss Calculator works. He states: “The calculation of profits and losses on the Forex is based firstly on the calculation of pip. The pip is indeed the smallest unit of change in the exchange rate of a quotation –say two currencies – on which a trader invests. And it is this fluctuation that determines the profit or loss on an investment given by the positions taken in response to the listing, which relies on its rise or to fall.”
Meanwhile, the Profit & Loss Calculator is a pre-designed forex tool that only requires some simple inputs of users – without confusing them much. It can be of great use in making quick trades relevant to real time forex data. The tool is available to use online at ForexMinute and can also be added to one’s existing website or blog for free.
ForexMinute’s other newly released best forex trading tools are Currency Converter Widget and Pivot Point Calculator.
After proving its mettle by offering traders and brokers with the most updated forex news, ForexMinute has further impressed its readers by offering them the most genuine, attractive and updated forex tools. These tools can also be integrated with a new or existing websites by simply copying the code from ForexMinute’s website.
For more information, visit http://www.forexminute.com or call +1 800 758 5780.
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