Use our Profit Calculator to calculate your expected profit or loss in money and pips based on your entry and exit prices, lot size and trade direction.
How does the calculator work?
To determine the potential profit or loss of a trade, simply start by selecting the currency pair of your choice and choose if you’re are buying or selling. Once you have set the open and close price, you can then choose the currency in which you’d like to see the results.
What else do I need to know?
The actual result of a live trade is subject to change due to factors such as sudden volatility or important market news and announcements.
How is profit calculated in forex?
The actual calculation of profit and loss in a position is quite straightforward. To calculate the P&L of a position, what you need is the position size and the number of pips the price has moved. The actual profit or loss will be equal to the position size multiplied by the pip movement.