Forex Profit and Loss Calculator

Find the potential profit and loss of your forex trade quickly and easily, with our calculator.

With this calculator, you’ll quickly determine how much profit and loss you can expect from your forex trade. This is an important consideration as you plan your strategy, and will inform your risk management measures and decision-making.

How to Use the Forex Profit and Loss Calculator

The tool is designed to be simple and straightforward, so essentially anyone can use it. But to help you get the best out of it, we’ve provided this step-by-step guide.

1. Choose your Currency Pair

To get started, select your currency pair from the list. You can set the calculator to AUD/USD, EUR/GBP, EUR/USD, or GBP/USD. These pairs are specifically chosen because they are among the most commonly traded pairs in the market.

2. Pick the Lot Size

The lot size dictates the size of your position. Generally, this will be a standard lot, which is 100,000 units of a particular currency. However, some brokers offer smaller lot sizes, such as mini, micro, and nano lots. Mini lots are 10,000 units, and micro lots are 1,000. Nano lots are the smallest, at just 100 units. Smaller lot sizes mean smaller potential profits and losses.

3. Define the Opening and Closing Prices

Select an opening price for your trade, and then choose a closing price. The difference between the opening and closing prices is a key factor in determining profit and loss.

4. Calculate Your Profit

Once all fields are filled in, hit the ‘Calculate’ button. This gives you an estimate of what the profit or loss would be, based on the parameters you entered.

Keep in mind that there are no guarantees when using this tool. It is just designed to give you useful information as you assess the possible outcomes of your trade. It will help you make the right strategic decision, but solid risk management is still vital.

What Does the Calculator Tell You?

When you use the calculator, you will receive the following insights into your potential trade.

Profit or Loss in Pips

A pip is the smallest possible price movement of the forex pair. While your trade is open, the price will move either up or down by a certain number of pips. The tool tells you how many pips of movement to expect, based on the information you have added.

Profit or Loss in Deposit Currency

The pip movement is just a representation of your profit and loss. You then need to translate this into your deposit currency, which will be USD, EUR, GBP or AUD. The tool will tell you how much actual monetary profit and loss to expect.

Bear in mind this is not guaranteed. The tool is for informational purposes only, and acts upon the information you enter.

Other Forex Calculators and Trading Tools

We provide plenty of different calculators and tools, so you can build the ideal toolkit to support your strategy. These include:

• Pip Calculator
• Lot Calculator
• Fee Comparison
• Margin Calculator

• lot calculatorDetermines position size in various lot units to manage risk.
• pip calculatorCalculates the value of a pip in the deposit currency for risk management.
• fee comparisonCompares spreads and commission fees across major forex pairs and brokers.
• margin calculatorCalculates required margin using leverage, trade size, and forex pair.
• time zone converterShows trading sessions and volumes in major global markets.

Disclaimer

Please note: We cannot guarantee the accuracy of any of the tools or calculators we offer. They are designed for informational purposes only. Any action you take in the market is carried out at your own risk.