Can I find a risk management Forex calculator online?
A Forex risk calculator, which can calculate all the risks involved in and associated with forex trading does not exist, either online or offline. However, there are several forex calculators available online, which address and aid different aspects of risk management in forex trading. In fact, mitigation of risk is one of the most important reasons why traders resort to the use of forex calculators.
For example, in order to reduce their risk exposure, traders need to identify less volatile currency pairs and they can do this through a forex volatility calculator. Another calculator that is very useful for risk-averse traders is the forex correlation calculator, which helps identify highly correlated currencies and allows traders to avoid trading them simultaneously.