Forex Profit Calculator

The Forex Profit Calculator helps users determine their potential profit or loss, pip change, margin required, and return on margin based on inputs such as position size, trade type, entry and exit prices, leverage, and account currency.

Use Our Forex Profit Calculator

How to Use the Forex Profit Calculator

This guide will walk you through how to determine potential profits or losses using the Forex Profit Calculator. Please follow the steps below:

Step 1: Enter Your Position Size

  • Field: Position Size (Units/Lots)
  • Type: Number
  • Instructions: Enter the size of your position in units or lots. Ensure it meets the minimum requirement of 0.01 and adjust in increments of 0.01.

Step 2: Enter Your Entry Price

  • Field: Entry Price
  • Type: Number
  • Instructions: Input the entry price of the currency pair. The minimum value you can enter is 0.00001, and entries are in steps of 0.00001.

Step 3: Enter the Exit Price

  • Field: Exit Price
  • Type: Number
  • Instructions: Input the exit price for the trade. Similar to the entry price, this field accepts input from 0.00001 with steps of 0.00001.

Step 4: Select Your Trade Type

  • Field: Trade Type
  • Type: Select
  • Options: Long (Buy) or Short (Sell)
  • Instructions: Choose whether your trade is a long (buy) or short (sell) operation based on your market projection.

Step 5: Enter the Leverage

  • Field: Leverage
  • Type: Number
  • Instructions: Specify the leverage for your account, ranging from 1 to 500.

Step 6: Choose Your Account Currency

  • Field: Account Currency
  • Type: Select
  • Options: US Dollar (USD), Euro (EUR), British Pound (GBP)
  • Instructions: Select the currency in which your trading account is denominated.

Understanding the Results

Once you’ve entered all the required data, the calculator will compute the following results:

  • Pip Change: This indicates the change in pips from entry to exit. A positive number means a favorable pip movement.
  • Margin Required: This tells you the margin needed for the trade, calculated based on your position size and leverage.
  • Gross Profit/Loss: This is the difference in profit or loss without deductions.
  • Return on Margin: This percentage indicates how much return you gain relative to the margin you invested.

Make sure to review each result to plan or adjust your trading strategy accordingly.