Straight answers about position sizing, pip value, prop firm drawdown rules, and how Forextity's free forex calculators work.
What is a forex position size calculator?
A position size calculator determines the correct lot size for a trade based on your account balance, risk percentage, and stop-loss distance, helping you risk a consistent and controlled amount on every trade.
How do I calculate pip value for a forex pair?
Pip value is calculated by multiplying the pip size of the pair by your lot size and the current exchange rate where needed. Forextity's Pip Value Calculator does this instantly for any pair and lot size using live market prices.
What lot size should I trade based on my risk percentage?
Your lot size depends on your account balance, the percentage you are willing to risk, and your stop-loss distance in pips. Forextity's Position Size Calculator computes the exact lot size from these three inputs automatically.
How do prop firm drawdown limits work?
Prop firms typically enforce a maximum daily drawdown and a maximum overall drawdown from your account's starting or highest balance. Forextity's Prop Firm Calculator tracks both limits in real time so you know your remaining risk budget before a trade.
Is Forextity free to use?
Yes. Forextity is completely free to use. All calculators, live pricing, and advanced tools are available at no cost.
Does Forextity provide real trading signals or financial advice?
No. Forextity is a calculation and educational tool only. It does not provide financial advice, trading signals, or investment recommendations. All trading decisions are the sole responsibility of the user.
What is risk of ruin in trading?
Risk of ruin is the probability that your account falls to an unacceptable level before your strategy has time to play out. It depends on risk per trade, win rate and average reward-to-risk — not on win rate alone. Forextity's free Monte Carlo risk of ruin simulator runs thousands of simulated accounts through your own inputs and reports ruin probability, median and 95th-percentile drawdown, expectancy per trade, and the full-Kelly risk level.
Where do the live prices on Forextity come from?
Prices are merged from several independent public sources: Coinbase Spot for live FX, metals and crypto; Binance WebSocket for tick-by-tick crypto with USDT peg correction; the European Central Bank reference series for the official daily reference and a real previous close; gold-api.com for spot metals; and CoinGecko for cross-checks. Every price carries its source and quote time, and the engine never generates synthetic ticks. The full detail is on our Data & Methodology page.
How do the automatic economic release alarms work?
Forextity reads the live economic calendar and arms an alarm on every high-impact release — including US CPI, Non-Farm Payrolls and central-bank rate decisions. You choose the lead time (5 to 60 minutes), and when a release approaches you get an on-screen banner, an optional chime and a desktop notification if your browser allows it. Alarms live in your browser's local storage, so they persist between visits, and there is a companion price alert for levels you set yourself.
Do the calculators work without an account?
Yes. Every calculator, tool and guide is free and requires no signup, email or premium tier. Your settings, journal entries and saved data stay in your own browser rather than on our servers.
What is revenge trading and how do I stop it?
Revenge trading is when a trader re-enters the market immediately after a loss, often with a larger position size, trying to win back money quickly. It typically leads to worse decisions and bigger losses. Common ways to reduce it include a pre-committed cooldown period after a loss, a written trading plan, and an honest self-check before entering a new trade. Forextity's free Trading Emotion Reset tool provides a quick mood check-in, a cooldown timer, and a breathing exercise for exactly this situation.
Can the Forextity Strategy Backtester prove a strategy works?
No. It shows how a rule-based strategy would have performed on the recent real candles of the pair you choose, with no look-ahead, but it ignores spreads and slippage, uses limited data, and past results do not predict the future. Treat results from fewer than about 30 trades as unreliable.
Are the previous day high and low figures real?
Yes. The PDH / PDL board reads the previous completed daily candle from third-party market-data providers. If the providers cannot be reached, the board says so instead of showing estimates.
Which chart patterns does Forextity detect?
Double tops and bottoms, head and shoulders (and inverse), triangles and wedges, and bull and bear flags — each with an example entry, stop, measured-move target and a quality score.
