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.
currency converter
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.
tool location
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”.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/01/image-50-1024x510.png?resize=1024%2C510&ssl=1)
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.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/01/image-52-1024x596.png?resize=1024%2C596&ssl=1)
There are 3 things to enter:
before conversion
Select currency before conversion
after conversion
Select currency to convert
Amount of money
Enter the currency amount before conversion
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/01/image-53-1024x600.png?resize=1024%2C600&ssl=1)
The calculation result appears in the TOTAL part. It’s very simple to use like this. The tool can be accessed from:
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