| Updated: Pips: 0
Profit / Loss: 0
The Forex Profit Calculator converts a price move into pips and an estimated profit or loss. Instead of eyeballing a chart and guessing what a move is “worth,” you get a clear number you can use for planning, risk control, and performance tracking.
This is useful for both short-term and long-term traders because the same move can mean very different results depending on the currency pair, position size, and account currency. The calculator helps you compare trade ideas consistently and avoid surprises when you see the final P/L.
Why Traders Use a Profit Calculator
Most trading decisions come down to one question: is the payoff worth the risk? A profit calculator helps you answer that quickly by translating entry-to-exit movement into pips and money.
If you are choosing between multiple targets (for example, a conservative target near resistance versus a more ambitious breakout target), it helps you quantify the difference. If you are adjusting position size, it shows how a small change in lots can significantly change the final outcome.
Common Use Cases
- Trade planning: evaluate potential profit at several take-profit levels and compare it to your stop-loss risk.
- Scenario testing: model best-case and worst-case outcomes by adjusting the close price.
- Position sizing checks: see how changing lot size affects the potential profit and loss.
- Trade reviews and journaling: standardize results for reporting and strategy analysis.
- Account-currency clarity: convert outcomes into your account currency when the quote currency differs.
What the Inputs Mean
Symbol selects the instrument you are evaluating. Different pairs can have different pip sizes (for example, JPY pairs are commonly quoted with a larger pip increment), so choosing the correct symbol is important for accurate pip calculations.
Buy or Sell determines how the price move is interpreted. A rise in price benefits a buy position, while a fall in price benefits a sell position. The calculator uses this direction to show whether the movement is a gain or a loss.
Lot size represents your position size. The same price move produces a larger profit or loss when lot size is increased. This is why many traders use the profit calculator alongside risk rules, so position size stays aligned with the maximum acceptable loss per trade.
Open and Close price are the entry and exit levels you want to evaluate. These can represent a completed trade, a planned take-profit level, or a “what-if” scenario.
Account currency and exchange rate let you express the result in the currency that matters most: your account balance. If the pair’s quote currency does not match your account currency, conversion helps you see the true impact on your equity.
How to Interpret the Results
Pips shows how far price moved between your open and close values. This is useful for measuring performance in a standardized way, regardless of your lot size.
Profit/Loss shows the estimated money outcome for your chosen lot size. This is the number that helps you decide whether a trade fits your risk tolerance and whether the potential reward is meaningful.
Tips for More Reliable Estimates
Test multiple exit levels. Try a conservative close price (near a realistic first target) and a more aggressive one (near a breakout target). Comparing outcomes makes it easier to choose a plan that matches your strategy and typical win rate.
Remember trading costs. Spreads, commissions, and overnight swap or financing can reduce real-world results versus pure price movement. If you trade frequently or hold positions for longer periods, these costs can be significant.
- Use realistic prices: base your open and close levels on your strategy (structure, volatility, and liquidity), not best-case assumptions.
- Keep risk consistent: if the calculator shows a potential loss that is too large for your plan, reduce lot size before entering the trade.
- Compare like-for-like: when evaluating multiple pairs, keep lot size and account currency consistent to make comparisons meaningful.