Forex Profit/Loss Calculator
Calculate actual profit and loss in dollars for your forex trades. See exactly how much you made or lost based on entry, exit, and position size.
Educational use only. Not financial advice. Results are estimates. Trading involves risk. Read full disclaimer.
Knowing your pip value is important, but knowing your actual profit or loss is what matters most. This calculator shows you exactly how much money you made or lost on a forex trade based on your entry price, exit price, lot size, and pair type. Whether you're analyzing a closed trade or planning a potential trade, this tool helps you understand the real dollar impact of price movements.
Forex Profit/Loss Calculator
Results
Pips
50.0
Pip Value
$10.00
Profit/Loss
$+500.00
Return %
+0.45%
Estimates only.
How to Use This Calculator
- Select pair type: Choose whether the quote currency is USD (XXX/USD), base currency is USD (USD/XXX), or a cross pair.
- Choose lot size: Select micro, mini, standard, or enter a custom lot size.
- Enter entry price: The price at which you entered (or plan to enter) the trade.
- Enter exit price: The price at which you exited (or plan to exit) the trade.
- Enter pip size: Usually 0.0001 for most pairs, but 0.01 for JPY pairs.
- For cross pairs: Optionally enter a conversion rate to see profit/loss in USD.
- Review results: See pips gained/lost, pip value, and total profit/loss in dollars.
Formula
Pips = |Exit Price - Entry Price| ÷ Pip Size
For XXX/USD: Pip Value = Units × Pip Size
For USD/XXX: Pip Value = (Units × Pip Size) ÷ Entry Price
Profit/Loss = Pips × Pip Value (positive if exit > entry, negative if exit < entry)
Return % = (Profit/Loss ÷ Position Value) × 100
Common Mistakes to Avoid
- Forgetting about spreads: Your actual entry/exit prices include the spread. If the spread is 2 pips, you need to move at least 2 pips in your favor just to break even.
- Not accounting for commissions: Some brokers charge commissions per trade, which reduces your profit. Factor these into your calculations.
- Using wrong pip size: Always use 0.01 for JPY pairs and 0.0001 for other pairs. Using the wrong pip size will give incorrect results.
- Ignoring swap fees: If you hold positions overnight, swap fees (or rollover) can add up and affect your profit/loss, especially for longer-term trades.