The forex risk and reward calculator will help you to calculate the position’s best targets and their respective reward-to-risk ratios based on the Fibonacci retracements from the local peak and bottom.
It’s a powerful tool to determine the potential risks before entering any positions.
Fibonacci retracements (0.382 and 0.618) are calculated to form the entry, target and stop-loss levels.
It’s better to enter positions only if the current price (C) is close to 0.382 Fibonacci level.
Forex Trader at Thetraderinyou
Joshua Okapes is a seasoned forex trader with over 14 years of experience in the financial markets. Since 2010, he has navigated the complexities of forex trading, refining strategies that help traders make informed decisions. Through TheTraderInYou.com, Joshua shares practical trading insights, broker comparisons, and strategies designed for both beginners and experienced traders.
Follow Joshua for daily forex tips on X: @thetraderinyou or connect with him on LinkedIn: Joshua Okapes.
Follow Joshua for daily forex tips on X: @thetraderinyou or connect with him on LinkedIn: Joshua Okapes.
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