Forex calculator
Forex Profit/Loss Calculator
Estimate gross long or short forex P/L in the named quote currency from base-currency units and entered prices.
Educational use only. Not financial advice. Results are estimates. Trading involves risk. Read full disclaimer.
Enter trade direction, base-currency units, prices and the quote currency (the second currency in the pair). Results stay in that quote currency: EUR/USD in USD, USD/JPY in JPY and EUR/GBP in GBP. No currency conversion is performed. Gross estimates exclude commissions, swaps, taxes and slippage; spreads are reflected only to the extent they are included in your entered execution prices.
Forex Profit/Loss Calculator
Results
Pips
50.0
Pip Value
10.00 USD
Gross Profit/Loss
+500.00 USD
Gross change / entry notional
+0.45%
Gross estimate in the quote currency; no USD conversion. Lot sizes are base-currency units. Excludes commissions, swaps, taxes and slippage; spreads are reflected only if entered execution prices include them. Not a return on account equity or margin.
How to Use This Calculator
- Select direction and quote currency: Long or Short, and the second currency in the 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.
- Check currency: All monetary results use the entered quote currency.
- Review results: See pips gained/lost, pip value, and gross profit/loss in quote currency.
Formula
Long: Gross P/L = (Exit - Entry) × Base Units
Short: Gross P/L = (Entry - Exit) × Base Units
Pip Value = Base Units × Pip Size, in quote currency
Signed Pips = Direction-adjusted price change ÷ Pip Size
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.
Frequently Asked Questions
How does direction affect P/L?
Long P/L = (exit - entry) × base units. Short P/L = (entry - exit) × base units. A price increase benefits a long and hurts a short.
What does a EUR/USD example show?
A long standard lot from 1.1000 to 1.1050 has gross P/L of 500 USD; the same short has -500 USD. These are hypothetical arithmetic examples before costs.
What currency is a cross pair result?
The quote currency you enter. For EUR/GBP, enter GBP. No USD conversion is assumed.
How does lot size work?
Micro, mini and standard lots mean 1,000, 10,000 and 100,000 base-currency units. Check your instrument specifications.
How is USD/JPY handled?
P/L is in JPY, not USD. A long 100,000-unit position from 150 to 151 gives 100,000 JPY gross P/L. A short gives -100,000 JPY.
Can I use executed prices?
Yes, for a gross estimate. Compare with broker statements and add applicable commissions, financing, taxes and other costs separately.
What pip size should I enter?
Commonly 0.0001, or 0.01 for JPY quote pairs. Confirm your instrument specifications. Pip size changes the pip count, not native-currency P/L.
What does the percentage mean?
Gross P/L divided by entry notional in quote currency. It is not a return on margin or account equity.