The trading margin calculator calculates the required margin for each one of your trades. In other words, it tells you how much money you need to open a buy or sell position and allows you to check if you have sufficient funds to proceed with your plan beforehand.
It can also help you execute effective risk management. Doing the calculations, could determine what actions you are going to take next. Will you execute the specific trade as it is, will you reduce the size of the trade or choose to open a position in another instrument?