Trading Tools at LMFX

Trading tools are blessings for traders and LMFX has blessed their traders with a bunch of these.These Forex calculators are essential; enabling trading to have comprehensive statistics on their trades.

By using these trading tools, a trader can easily estimate his/her profit or loss on the trades. Also, they can evaluate the margin requirements needed for secure trading. Besides, calculating the impact of particular positions with the different sizes is also easy with these trading tools.

Here are some of the most notable trading tools that are available at LMFX.

1. Fibonacci Calculator

By entering the low and high in their places, a trader can quickly calculate 4 basic Fibonacci support & the resistance retracement value at 61.8%, 50%, 38.2%, and 23.8%.

2. Pivot Point Calculator

A trader needs to input the current open price, close price, low price and the high price to successfully calculate Floor, Camarilla,DeMark’s, and Woodie’s pivot points. This will also give you the support & the resistance level.

3. Position Size Calculator

This is a free Forex tool that lets a trader compute the size of positions in lots and units for efficiently managing the risks. This calculator works with almost all of the currency pairs & crosses. For computing, a trader must input the account currency, account leverage, currency pair, and the volume or margin. If a trader wants to calculate the margin, he/she needs to input the volume. But when the traders need to compute the volume, the value of margin should be inputted.

4. Pip Value

By inputting the Account currency, the currency pair and the Position units, size, a trader can calculate the pip value.

5. Risk & Reward

Based on a trader’s Fibonacci retracements from the local bottom and peak, the risk & reward calculator can help the trader to compute the position’s best and suitable targets with their each rewards-to-risk ratios. This calculator is a very powerful and helpful tool for identifying the potential risks before the trader enters any position.

Fibonacci retracements (0.618 and 0.382) are determined to form the stop-loss, target,and entry levels. It is better for traders to enter the positions if and only if C, i.e. Current price is closer to 0.382 Fibonacci level.

6. Risk Percentage Calculator

In trading, knowing your risks is a must before you proceed. That’s why it is one of the most important trading tools that LMFX offers to their clients.

To calculate the lot size, a trader needs to input account balance, account currency, a percentage that he is willing to risk,the currency pair, stop loss price and open price.

7. Multitarget Calculator

This is another interesting tool for trading. It helps a trader to plan and execute the specific portion of the positions that should be closed at certain target levels to get the most profiting return-to-risk ratio.

Conclusion: Trading tools are developed for reducing the stress that involves calculation of different factors that are related to trading. LMFX thought this through and that’s why the Forex traders at LMFX are enjoying these amazing trading tools.

LMFX Premium Account, Is it for you?

LMFX has auser-friendlyplatform and account types that suit any trader who is either new to the Forex trading or highly experienced in this type of trading.

LMFX tailored their accounts in a way that it can meet all the trading needs of a retail Forex Trader. Besides, with their minimum trade size, which starts at 0.01 lots, this extremely competitive account offers a trader the flexibility in trading up to sixty lots in one single trade.

No matter who you are or whatever you do, LMFX has got you covered.Their account types are plannedin a way that everyone gets what they want, in the most convenient way possible.

LMFX offers 3 types of accounts, Fixed account, Zero account, and Premium account.

Today, I’m going to talk about the Premium Accountonly.

Premium Account at LMFX 

By opening this premium account, a trader can trade Forex, CFDs, Indices, Commodities, Shares, Stocks, Precious metals through this trading platform.

Basically, the premium account at LMFX offers a model of ECN execution where maximum leverage is exactly 1:1000 and the spread is variable from one pips.

Choose USD or EUR as the base currency of your account. After opening your account, you need to deposit at least 50 USD or its equivalent in Euros.

The premium account at LMFX adopts the Negative Balance Protection, which ensures that a trader doesn’t lose more than what he or she deposits. In Premium accounts, the margin call is 50 percent and the stop out is adjusted to 20 percent so that all your positions automatically close when the margin levels go down to 20 percent.

Features of Premium Account at LMFX

Advanced Trading Platforms:For using LMFX with ease, all the trading options are available in WebTrader, MetaTrader, and Mobile Trading platforms. Now the traders can get involved with the platform from any device and from any place around the world.

Flexible Bonuses: LMFX knows how to treat their clients. They have two different bonuses offered with their Premium account. Once you open a Premium account at LMFX, you are automatically eligible for the Phoenix Recovery bonus and Deposit Match bonus.

Personal Account Manager:Clients at LMFX are provided with their own personal account manager.

And many more benefits.

How to Open a Premium account at LMFX.

1. First, a trader must fill out a form. After filling the First name and Last name section, a trader needs to select his/her country from the pop-out
2. Then he/she needs to put on his phone number without the country code.
3. After that, the trader needs to fill out their email.
4. Selecting the Date, Month, and Year will be his next step.
5. Then the trader needs to select his currency, which he will use for depositing and withdrawing.
6. The trader will be asked to answer a security question, which is a small math problem.
7. After putting the right answer, the trader must tick on the “I accept the Terms and Conditions.”Hit “Register Now.”

Once you are done registering, you‘ll be prompted to a thanking message where you’ll be asked to check your email for next steps. Just follow the instructions and you’ll have your own LMFX Premium Account in no time. It’s ready for trading at once.

For more info, please visit : LMFX broker review