compound interest calculator daily

Super Simple Compound Interest Calculator Daily: Quickly Calculate Your Interest Earnings In 2 Minutes

We hope you enjoy this free compound interest calculator daily. It’s a great tool to help you understand your profit potential through compounding returns, for any time period.

What is a Compound Interest Calculator?

A compound interest calculator is a valuable tool for assessing the potential growth of any type of account that goes up in value. By inserting a principal amount, interest rate, and compounding period, it will calculate the growth of your balance over your select number of periods. The calculator will compound, your hypothetical gains. It demonstrates the powerful impact of compounding, revealing how a small initial investment can turn into a substantial amount of equity over time. 

Try out our Compound Interest Calculator Daily with any type of account you have. It works for any type of investment or savings account. 

How to Utilize the Compound Interest Calculator

Starting Balance: This is the initial equity in your account. For example, maybe you have a balance of 5000, it can be in any currency.

Number of Periods: This field simulates a series of consecutive successful trades. The period refers to each instance the account received interest on its holdings, which can represent the closing of a profitable trade or an interest payment from a bank, or any time your accumulates in value at a specified interest rate. So it can be used for, days, weeks, months, even years, or minutes if you want. For example:

  • A cryptocurrency that pays 5% staking on Bitcoin every day would have a period of 1 day.
  • A bank paying 1% interest on a savings account every month would have a period of 1 month.
  • A Forex trader achieving a 2% return on each trade in EUR/USD would have a period of each trade. 

Gain % per Period: This is used to simulate the gain percentage per period of compounding. It can be used by a trader making 5 daily trades with a target return of 0.05% per trade, or a trader making 5 weekly trades with a target return of 1% per trade, or even a long-term trader making 12 trades per year with a target return of 5% per trade. For our example, we will use a gain percentage per period of 2%.

To get the results, simply click the “Calculate” button.

The Results: The calculator will show you the “Ending Balance” after compounding your gains from 6 consecutive winning trades, as well as the “Total Gain” percentage. Using the example, an initial equity of 1,000 units of any currency, after compounding the gains from 6 winning trades, would now be 1,126.16 units.

This demonstrates that by compounding just 6 successful trades and earning a modest 2% return per trade, your account balance has increased by 12.6%.

The results also include a detailed breakdown of how each compounded trade impacted your account balance, the total percentage of each compounded trade, and the final account balance.”

How Can I apply the Compound Interest Calculator to my trading?

At Trading Strategy Guides we have many strategies and tutorials that can help get you on the right track when it comes to compounding your trading returns. If you are new

 

Frequently Asked Questions

  1. What is the starting balance in the compound interest calculator?

    • The starting balance is the initial equity in your account, expressed in units of any currency.
  2. How does the number of periods field work in the calculator?

    • The number of periods field allows you to simulate a series of consecutive successful trades. The period refers to each instance where you receive interest on your holdings or close a trade in profit.
  3. What is the gain % per period field in the calculator used for?

    • The gain % per period field is used to simulate the gain percentage per period of compounding. It can be used by traders making daily, weekly, or yearly trades with different target returns.
  4. How do I get the results from the compound interest calculator?

    • To get the results, simply click the “Calculate” button. The calculator will show you the ending balance after compounding your gains from the specified number of winning trades and the total gain percentage.
  5. What does the ending balance in the results mean?

    • The ending balance is the final account balance after compounding your gains from the specified number of winning trades.
  6. How can I interpret the detailed breakdown of the results?

    • The detailed breakdown shows how each compounded trade impacted your account balance, the total percentage of each compounded trade, and the final account balance.
Would You Like To Check Out Some of our Other Free Tools? Click any of the links below.

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.