Useful Tools Forex Trading Tools

1> Forex Economic news Calendar
     -- http://www.candleforex.com/ff/fxnewsalert.zip
    -- Download and install it

    -

2>  Forex Daily Commentry
      Price Action analysis
--- Looks very good
---  http://www.youtube.com/user/FXEmpirecom

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3> Nail Muller forex analyis
  http://www.learntotradethemarket.com/forex-trading-commentary

4> Margin Money Calculator 
http://www.instaforex.com/forex_calculator.php
The way it is calculated is described in above link

Trader Calculator:
On this page you can find formulae for calculating the value of one pip. The value of a pip is calculated on the basis of the current rate of a given currency pair.

Note that 1 InstaForex lot is 10000 USD.

Please find below a formula to calculate the value of one pip for currency pairs and CFDs :

Calculation of 1 pip value:

1. XXX/USD
p.v. =1 * (trade volume)
2. USD/XXX
     p.v. = 1/(USD/XXX) * (trade volume)
3. AAA/BBB
     p.v. =(AAA/USD)/ (AAA/BBB) * (trade volume)

5> Why traders loose money

I found following posts changing my life - So I have shared with you
http://www.learntotradethemarket.com/forex-articles/how-to-remove-your-fear-of-losing-money-forex-trading?awt_l=AH9VE&awt_m=JXIZM9jiaXwtMW

http://www.dailyfx.com/forex/fundamental/article/special_report/2013/01/03/forex_analysis_why_do_many_traders_lose_money.html

Thanking You !!

Avinash Sawant