Forex Profit Calculator: Work Out Your Trade Profit or Loss
Work out the profit or loss on a forex trade based on your entry price, exit price, lot size and trade direction. Get an instant breakdown of your pip movement, pip value and total profit or loss in the quote currency of the pair.
Calculate My Trade Profit ↓Forex Profit Calculator
Enter your trade details, then press Calculate.
Your Trade Profit
0
Based on your entry, exit price and lot size
Trade breakdown
| Component | Basis | Amount |
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This estimate shows the profit or loss on your trade based on your entry price, exit price, position direction and lot size.
To calculate forex profit, find the difference between your exit price and entry price, in the direction of your trade, then multiply it by your trade size in units. For a buy trade, profit comes from the price rising, and for a sell trade, profit comes from the price falling. Use the calculator above for your own figures, along with pip movement and pip value.
How to Use the Forex Profit Calculator
Three quick steps to work out your trade result.
- 1 Choose your position direction and pair type. Pick Buy or Sell, and mark whether the pair includes the Japanese Yen.
- 2 Enter your entry price, exit price, lot type and number of lots. These determine your trade size and how much each pip is worth.
- 3 Press Calculate. Your pip movement, pip value and total profit or loss appear instantly. Use “Copy Result” to save it.
The Forex Profit Calculation Formula
Forex profit is driven by the price movement, your position direction and your trade size.
Price Difference (Buy) = Exit Price – Entry Price
Price Difference (Sell) = Entry Price – Exit Price
Pip Size = 0.01 for JPY pairs, 0.0001 for other pairs
Pips Gained or Lost = Price Difference / Pip Size
Pip Value = Pip Size x Trade Size (Units)
Profit or Loss = Price Difference x Trade Size (Units)
The result is shown in the quote currency of the pair, which is the second currency in the pair name. For example, a EUR/USD result is in US Dollars, and a USD/JPY result is in Japanese Yen. Convert to your account currency using the current exchange rate if it differs from the quote currency.
Worked Examples
Real calculations using the forex profit formula, so you can see exactly how trade size and pips affect the result.
Example 1: Buy EUR/USD, entry 1.08500, exit 1.09000, 1 standard lot
| Price difference: 0.00500 | Pips gained: 50 pips |
| Pip value: $10.00 | Profit: $500.00 |
Example 2: Sell USD/JPY, entry 150.500, exit 149.800, 2 mini lots
| Price difference: 0.700 | Pips gained: 70 pips |
| Pip value: 200.00 JPY | Profit: 14,000.00 JPY |
Example 3: Pip value on EUR/USD by lot type, price moving 1 pip
| Standard lot (100,000 units): $10.00 per pip | Mini lot (10,000 units): $1.00 per pip |
| Micro lot (1,000 units): | $0.10 per pip |
Forex Profit Calculation: The Complete Guide
Forex trading involves buying one currency while selling another, with profit or loss determined by how the exchange rate between the two currencies moves relative to your position. Understanding how pip movement and lot size combine to produce a profit or loss figure helps you size trades appropriately and manage risk before you enter a position.
Understanding pips and pip value
A pip is the smallest standard price move for most currency pairs, usually the fourth decimal place, for example 0.0001 for EUR/USD. Pairs that include the Japanese Yen are quoted to two decimal places instead, so a pip on USD/JPY is 0.01. The value of one pip in money terms depends on your trade size, since a larger position multiplies the same pip movement into a larger profit or loss.
Understanding lot sizes
A standard lot represents 100,000 units of the base currency, a mini lot represents 10,000 units, and a micro lot represents 1,000 units. Trading a fraction of a lot, such as 0.1 of a standard lot, scales your trade size and pip value down proportionally, which is common for traders managing risk on smaller accounts.
Buy versus sell trades
On a buy, or long, trade, you profit when the price rises above your entry price and lose when it falls below it. On a sell, or short, trade, the reverse applies, you profit when the price falls below your entry price and lose when it rises above it. The calculator above applies this direction automatically based on the position you select.
Why the result is in the quote currency
Profit and loss on a forex trade is naturally expressed in the quote currency of the pair, the second currency listed. If your trading account is funded in a different currency, you will need to convert the result using the current exchange rate to see the equivalent amount in your account currency.
Methodology
This calculator converts your lot size and number of lots into a trade size in units, then multiplies the price difference between your entry and exit price, applied in the direction of your trade, by that trade size to arrive at a profit or loss figure. Pip movement and pip value are derived from the same inputs using the pip size for the pair type you select.
Assumptions used in this calculator
- Entry and exit prices are entered exactly as quoted by your broker or trading platform.
- Results are shown in the quote currency of the pair and do not include a currency conversion to your account currency.
- This calculator does not account for spread, commission, swap or overnight financing charges.
- Forex trading involves leverage and carries a high risk of loss, and past price movement is not a guide to future results.
Frequently Asked Questions
Subtract your entry price from your exit price for a buy trade, or your exit price from your entry price for a sell trade, then multiply the result by your trade size in units to get your profit or loss in the quote currency.
A pip is the standard unit of price movement in forex, typically the fourth decimal place for most pairs or the second decimal place for pairs that include the Japanese Yen.
No, this calculator works from your entry and exit price only. Spread, commission and swap charges from your broker will reduce your actual profit or increase your actual loss beyond what is shown here.
Forex profit is calculated in the quote currency of the pair you traded, for example US Dollars on EUR/USD. If your account is funded in Rand, convert the result using the current exchange rate to see the equivalent value.
Yes. Forex trading commonly involves leverage, which can magnify both profits and losses, and it is possible to lose more than your initial deposit depending on your broker and account type. Trade with a regulated broker and manage your risk carefully.