What is the Futures calculator?
Futures Calculator is a tool that allows you to calculate your potential profit and loss, risk and other details in the US futures markets. It's quite simple - you choose the market you want, enter your entry price and calculate your potential profit or loss and risks. If you're not familiar with similar tools, you can read our guide below.
Calculator size
First you can choose the scale of the calculator.
This setting is solely about appearance — you can choose bigger or smaller elements. It is being saved in your browser, so next time the setting will remain the same as you have set it.
Calculator structure
In the first (left) column, you can select all the information you need to calculate your potential trade and make a calculation. In the second (right) column you can preview potential risks and other technical information about the selected market.
Choice options
Select the desired futures market by clicking on the top left drop down menu. You can either scroll down the list and select the market you want, or enter a few symbols for a more precise selection.
Click on the market to finalize your selection.
Once you have selected your futures market, the updated information will appear in the "Futures Market Details" block, where you can see various valuable information.
Below it you can select the direction of the futures, setting it LONG or SHORT. Long is the default.
You can then enter your Entry Price, Take Profit and Stop Loss.
Each market price format is unique, so please refer to the "Price Format Example" provided in the "Futures Market Details" section to ensure the correct calculation.
Note that you can copy values from inputs using the dedicated buttons, if you want to paste this information somewhere else later.
Choose the number of futures contracts using the slider or enter manually. The scale starts at 1 and ends at 25. You can choose a higher number by manually entering any value. It won't show up on the scale, but your calculation will take into account the number that you have manually set.
Transfer of a calculation to your trading journal
Finally, you can transfer your calculations to your personal trading journal. This tool is available to all MyInsiderWeek users. Simply click on the Transfer button below the calculator and follow the steps in the pop-up window. Once the data has been transferred, you will be able to open your trading journal with the new log.
We have recorded a video about the Futures Calculator, which you can also watch to fully understand the idea of using this tool.
If you don't currently have an account with us, you can create one using the button below. You will then be able to transfer your calculations to the journal.
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