On this page
How to use the profit calculator and trade simulator
If you dont know your winrate, you can easily calculate it with our free winrate calculator here.
Test your strategies and see how profitable you are. Also, keep in mind that trading fees have a huge impact on your trading profits, especially when you are a day trader or scalper. In cryptocurrency trading, the transaction fees eat up most of your profits, so it is crucial to choose a cryptocurrency trading platform that is suitable for active trading.
Your “Starting balance” refers to your portfolio at the point of starting to execute the strategy.
Make sure to adjust all fields to your liking. Feel free to play around with leverage and fee settings, as these are key factors when it comes to being profitable in trading. Scaling down the leverage can actually lead to higher profits sometimes as you reduce your drawdown and also the risk of liquidation, where you lose your whole capital.
Keep in mind that risk management should always be your number one priority. For risk management, we have another great free tool, our position size calculator.
The goal is to always know exactly how much you will lose in case your stop loss gets hit. Knowing this already puts you far ahead of the competition, as many people don’t have any risk management at all in trading. Learn how to use the correct leverage and position size to become a responsible trader and most importantly – become profitable in the long run.