XM has many tools that can be used without opening an account. One of them is a currency converter, a tool that automatically does the math for you. Especially at the beginner’s stage, these tools will be used a lot, so they are one of the recommended tools.
As the name suggests, the currency conversion tool is a tool that automatically calculates the price before and after conversion. It is a highly recommended tool, especially for those who are not yet familiar with trading.
For the location of the tool, first select “Learn FX” → FX calculation tool from the XM Trading home.
For English, the screen looks like this: Select “Trading Tools” → “Forex Calculators”.
Once selected, the following screen will appear. Select Currency Convertor.
How to use the tool
When you move to the location of the tool, the following screen will appear.
There are 3 things to enter:
Select currency before conversion
Select currency to convert
Amount of money
Enter the currency amount before conversion
The calculation result appears in the TOTAL part. It’s very simple to use like this. The tool can be accessed from: