Free calculator
Forex Profit Calculator
Type where you got in, where you got out and how big the trade was. See the result in pips and in dollars, for a buy or a sell.
- Forex
- Gold
- Indices
Built for forex pairs. For gold or an index, change the pip size and the pip value to match one point of your contract at your broker.
For USD-quote pairs: pip size = 0.0001, pip value = $10 per standard lot. For JPY pairs: pip size = 0.01, pip value ≈ $6.67 at USD/JPY = 150.
For learning and planning. The numbers are math on what you type, not a prediction.
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What is a forex profit calculator?
A profit calculator turns a price move into money. It answers two questions: how far did price move, and what was that worth at my size?
Use it before a trade to see what a target or a stop means in dollars. Use it after a trade to check your broker's numbers and fill in your journal.
The formula in plain words
- For a buy: pips = exit price minus entry price, divided by the pip size.
- For a sell: pips = entry price minus exit price, divided by the pip size.
- Profit or loss = pips times the pip value of one lot times your lots.
Buy pips = (Exit − Entry) ÷ Pip size Sell pips = (Entry − Exit) ÷ Pip size Result = Pips × Pip value per lot × Lots
Worked example
A buy on EUR/USD at 1.0950, closed at 1.1000, size 0.10 lots
- 1Pips: (1.1000 minus 1.0950) ÷ 0.0001 = 50 pips.
- 2One standard lot of EUR/USD is worth about $10 per pip.
- 3Result: 50 pips × $10 × 0.10 lots = $50.
The trade made 50 pips, which is about $50 at 0.10 lots. Had price fallen 50 pips instead, the loss would be about $50.
Common mistakes
- Using the prices you planned instead of the prices you got. Your broker's fills are the real numbers.
- Using 0.0001 as the pip size on a yen pair. Yen pairs use 0.01, so the answer comes out 100 times off.
- Forgetting costs. Spread, commission and swap are not in this number.
- Only checking the winners. Losing trades belong in your journal too.
Questions people ask
How do I work out profit on a sell?
Flip the subtraction. A sell at 1.1000 closed at 1.0950 is entry minus exit, which is 50 pips in your favor. Pick Sell in the calculator and it does this for you.
Why is my broker's number a little different?
Usually costs or rounding: spread, commission, swap, or a currency change if your account is not in US dollars.
Can I use it for gold or an index?
Yes. Set the pip size to the size of one point on your contract and the pip value to what that point is worth. Your broker's contract details list both.
Learn the idea behind it
The calculator does the math. These free lessons explain when and why to use it.
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Demo first. Trading has risk of loss. Education, not financial advice.