Forex Profit Calculator

    Find out how much profit or loss in money and pips for your trading position using real live market data, trade direction and the number of lots traded

    Easily calculate your potential profits and losses with this accurate profit calculator.

    It’s important that you’re prepared for every possible outcome to help manage your trade risk more effectively.

    Forex Calculators

    What is a Forex Profit Calculator?

    A Forex Profit Calculator is extremely helpful to find out how much money and pips a trading position represents when a position is closed in profit or loss. It works by simulating a trade position by taking the difference of open and close price values specified, and show the results of potential profit or loss in money and in pips. 

    Why is it important to use the Forex Profit Calculator?

    Professional traders always have a plan before entering a trade. Whether you’re using a stop loss or take profit or closing the trade manually, it’s important to understand your potential profit or loss to plan ahead for any outcome. This tool is suitable for investors with any level of experience.

    How to use the Forex Profit Calculator?

    STEP 1

    Select Instrument: Here you can choose from various financial instruments including major, minor and exotic currency pairs, popular stock indices, top cryptocurrencies like BTC, ETH, DOGE, LTC and XRP, and commodities such as Gold, Oil and Silver

    For our example, we’ll select EUR/USD.

    STEP 2

    Select Deposit currency: Choose your trading account deposit currency to properly calculate for that currency in your results. 

    We will select USD for our deposit currency (account currency) for our example. 

    STEP 3

    Select Buy or sell: Here you can choose the trade direction you plan on entering the market, either long (buy) or short (sell)

    For this example, we will select a buy trade to simulate our trade position. 

    STEP 4

    Select Lots (trade size): Keep in mind in forex trading, one standard lot is 100,000 currency units, however units per 1 lot can vary for non-forex currency pairs. There’s also an option to switch between lots or units for the calculation. 

    In our example, we will choose our trade size as 0.15 lot. 

    STEP 5

    Type Open price: Here you will type in an open price for your trade. 

    We will input an open price of 1.08496 for our EUR/USD trade. 

    STEP 6

    Type Close price: Lastly, type in the close price for your trade. 

    In our example, we will type a close price of 1.10496.  Next click the “Calculate” button.

    STEP 7

    Results: The profit calculator will quickly calculate the trade profit in money (converted in your selected base currency) and profit total in the amount of pips gained.

    Thus, for our example, opening a buy EUR/USD trade of 0.15 lots at 1.08496, and close it at the close price of 1.10496, will result in a profit of US$300.00 (profit in money), with a total of 200 pips gain (profit in pips).

    Trading Calculator Glossary Terms

    Buy / Sell

    When you start trading foreign exchange (forex) and CFDs (contract for difference), you can trade on both sides of markets’ rising and falling price quotes. If you see rising prices, you could buy (also called going “long”); if you see falling prices, you could sell (also referred to as going “short”).

    For example, if you see the Euro rising against the U.S. dollar, you could go long on EUR/USD; if you see the Euro falling against the U.S. dollar, you could go short on EUR/USD.

    Contract Size

    Refers to the traded value of a contract on the Forex or CFD market. This is calculated as a standard lot size multiplied by the lot amount. Keep in mind the Forex standard lot size represents 100,000 units of the base currency. For CFDs and other non-forex pairs, view the contact specification details in the trading platform.

    For example, using our profit calculator, 100 units of gold or XAU/USD (standard lot of gold) equals 100 ounces. If we buy 100 units at 1926.00 and sell at price 1927.00, you would profit US$100.00.


    This is also referred to as “symbol”. The trading asset which you can Buy (long) or Sell (short) for financial gain. 


    The ratio of position’s notional value to the amount of margin required for opening a trade. For example, if you have a leverage of 1:400 and trade one standard lot on EUR/USD, that means a EUR 100,000 contract requires 250 EUR margin needed to open the trade. 


    This is a volume term in Forex trading, traders often refer to the number of “lots” and typically a number of “contracts” with non-forex CFD pairs. 

    • 1.00 volume means 1 standard lot or 100,000 base currency units.

    • 0.10 volume means 1 mini lot or 10,000 base currency units.

    • 0.01 volume means 1 micro lot or 1,000 base currency units.


    This is the amount of money (margin) you need to open and maintain your trading position. 

    Pip Value

    Pip” stands for percentage in points and is the most common increment of currency prices when trading forex. In the forex market, currencies quoted to the 5th decimal place (for example, EUR/USD at 1.08426), 1 pip is equivalent to a price increment of 0.00010; other currency pairs quoted to the 3rd place following the decimal place (for example, USD/JPY at 129.660) 1 pip is equal to a price increment of 0.010. For stock indices, 1 pip is equal to price increment of 1.0 (also referred to as index point).


    Your profit or loss (shown with a minus sign -) for a trading scenario that you calculated.

    Swap / Triple (3x) Swap

    Swap or “roll over” is an overnight interest paid or earned for holding a position open overnight. For forex currency pairs, on Wednesday, rollover is charged triple rated due to market close on Saturday and Sunday. This is because it accounts for three days at once: Wednesday, Saturday and Sunday.


    The smallest change in price of an instrument. For example, 0.00001 for GBP/USD rolling Forex and 0.1 points for US30 index CFD.

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