New Free Forex Calculator, Live On FreeForex.eu Now

Online, August 20, 2010 (Newswire.com) - Limassol - FreeForex.eu is pleased to announce the launch of their new Free Forex tool aimed primarily at new Forex traders, which is sure to be a big hit with online traders around the world.

David Bailey, chief writer for FreeForex.eu says: "The free Forex Calculator is an essential tool for new Forex traders, enabling them to quickly and easily understand the power and huge profit potential from free Forex trading - which is why we made the development of the tool one of our main priorities".

The free Forex Calculator has been developed in-house as a standalone application with easy to use functionality and has an attractive "Web 2.0" user interface. Traders wanting to experiment with the free Forex Calculator need only visit the home page of http://www.freeforex.eu and click on the link to the calculator.

The free Forex Calculator allows the trader to enter the desired currency pair from a list. By making this selection the Forex calculator then populates itself with live market Open and Close positions. Based on the amount of investment the Forex trader would like to invest in the trade, the free Forex Calculator then calculates the profit on this trade.

The Forex trader can edit the Open and Close positions to experiment with different prices, based on their Forex market analysis and intuition of price movements, and view the profit potential on even tiny pip movement with just a click of the mouse.

"Within five minutes of testing different Open and Close positions and investment levels; Forex Traders can be left in no doubt that investing in Forex is the only viable option in today's turbulent financial climate" according to Josh Hayes, content writer at FreeForex.eu.

The Free Forex Calculator is the first of many intuitive and helpful free Forex tools and applications from the R&D department at FreeForex.eu. The long term goal is to produce a suite of free Forex tools to help new traders understand the industry, test theories and learn to read charts in a simple and safe environment. Further information about forthcoming free Forex Tools and free Forex Chart reading applications will be published in the near future.

To learn more and use the Free Forex Calculator, simply visit http://www.freeforex.eu

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