Tracking and managing risk is crucial for any successful trader. The Drawdown Calculator helps you understand the potential losses you might face and lets you adjust your strategies accordingly. This simple tool helps you calculate the percentage of drawdown on your account, allowing you to stay on top of your trading performance and reduce the risks.
Whether you're a seasoned pro or just starting, this tool is a must for keeping your trading on track. The DD Calculator can also be used with other +145,000 instruments, including cryptos and indices!
Step-by-Step Guide on How to Use the Drawdown Calculator:
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Visit the Drawdown Calculator Page: Head over to the Drawdown Calculator.
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Enter Starting Balance: In the "Starting Balance" field, input the initial amount you had in your trading account before the drawdown.
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Enter Ending Balance: Input your current balance or the balance after the loss in the "Ending Balance" field.
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Click “Calculate”: Once you've filled in both fields, hit the "Calculate" button.
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Review Your Drawdown: The calculator will instantly show your drawdown as a percentage, allowing you to understand how much of your account has been lost.
By regularly using this tool, you can monitor your losses and make informed decisions about risk management in your trading journey!
You might also want to check out What is Forex and How to Trade it - Best Beginner's Guide article to learn more about trading and become a successful trader.