Forex Profit Loss Calculator

This forex profit loss calculator helps you estimate how much you'll gain or lose on a trade before entering it. By factoring in your entry and exit price, trade size, and currency pair, it offers a clear picture of your potential outcome — essential for informed forex decisions.

Profit Loss Calculator

Results:

0 pips

0.00 USD

How to Use the Forex Profit Loss Calculator

This calculator helps you estimate the potential outcome of a forex trade before executing it. Follow these steps to get accurate results:

  1. Select your currency pair - Choose the forex pair you're trading from the dropdown.
  2. Choose your account currency - Select the currency your trading account is denominated in.
  3. Enter your trade size - Input your position size in lots (standard lot = 1.0, mini lot = 0.1, micro lot = 0.01).
  4. Select trade direction - Specify whether you're going long (buy) or short (sell).
  5. Set entry and exit prices - Enter the price at which you enter the trade and your target exit price.
  6. Calculate - Click the button to see your potential profit or loss in both pips and your account currency.

Understanding the Results

The calculator provides two important metrics:

  • Profit/Loss in Pips - This shows the difference between entry and exit prices, converted to pips. For most pairs, a pip is 0.0001, except for JPY pairs where it's 0.01.
  • Profit/Loss in Account Currency - This shows the monetary value of your potential gain or loss in your account's currency, based on your position size and pip value.

Using the Results in Your Trading

Knowing your potential profit or loss before entering a trade is essential for proper risk management. You can use these results to:

  • Determine if the risk-to-reward ratio meets your trading plan criteria
  • Set appropriate take-profit and stop-loss levels
  • Calculate your maximum risk exposure for portfolio management
  • Compare different trading scenarios to find the optimal strategy

Frequently Asked Questions

It calculates the pip difference between entry and exit price, then multiplies by lot size and pip value to get the result in your account currency. The calculator handles all the necessary conversions and adjustments for different currency pairs, including proper pip scaling for JPY pairs and other exceptions.

Yes, just enter your entry and exit price accordingly — the calculator will show a gain or loss depending on direction. For buy (long) positions, you profit when the exit price is higher than the entry price. For sell (short) positions, you profit when the exit price is lower than the entry price. The calculator automatically accounts for the trade direction you select.

Yes, it's designed to work accurately with all major and minor forex pairs and calculates values based on standard pip conventions. The calculator automatically adjusts for different pip definitions depending on the currency pair (for example, 0.0001 for most pairs and 0.01 for JPY pairs). It also accounts for the correct pip value calculations regardless of your account currency.

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