Forex Profit Calculator
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Use our accurate Profit Calculator to calculate the profit or loss value in money and pips of a trading position using live market data, trade direction and the lots traded.
What is a Forex Profit Calculator
A Forex Profit Calculator is useful to simulate, just by inputting the required values, how much money and pips a trading position represents, quantitatively, if the position is closed in profit or loss. It works by simulating a trading position opened at a specific value and closed also at a specific value, and what will be the outcome in monetary terms and how many pips of gain or loss.
It can also be used to quickly see in terms of money and pips how much will be taken from an account's equity if, on purpose, the trader changes the trade direction chosen initially and therefore simulating a stop loss hit.
How to Use the Forex Profit Calculator
Currency pair: In this field traders can select from several Major and Minor Forex pairs or from the most popular cryptocurrencies versus the USD (BTC/USD, ETH/USD, LTCUSD, XLM/USD and XRP/USD) or Gold/Silver versus the USD. Let's choose, for example, the AUD/USD.
Deposit currency: This field is pretty straight forward, traders select their trading account deposit currency in order to get the calculations already converted to the trader's account base currency. We choose the AUD as the deposit currency, for our example.
Buy or sell: Simply input the trade direction, either long or short. For this example, we will use simulate a long trade, therefore we select the buy direction.
Lots (trade size): One standard lot of a Forex pair is 100,000 units per 1 lot, but units per 1 lot vary for the non-forex pairs. In this field there's the option of using lots or units for the calculations. For this example, we will input a trading size of a 0.10 mini lot.
Open price: In this field traders just need to input the opening price for the trade. For our example, we will type a simulating AUD/USD opening price of 0.75345.
Close price: The last field of the calculator, here traders just need to input the closing price for the trade. On our example we will type a simulating AUD/USD closing price of 0.75855.
Finally, we hit the "Calculate" button.
The results: The Profit Calculator will calculate the profit in money (with the account base currency previously selected) and also the profit in the total amount of pips gained (or lost).
In our example, opening a long trade of 0.10 AUD/USD at 0.75345 with a closing price of 0.75855 will result in a profit of AUD 67.66, with a total of 51 pips of profit.
You might also find our How Much Money do You Need to Start Trading Forex article useful. It can help traders to understand the basics of financially investing in Forex trading and how to avoid the dangers of over-capitalization and under-capitalization.
Use this Forex Profit Calculator on Your Website
Our tools and calculators are developed and built to help the trading community to better understand the particulars that can affect their account balance and to help them on their overall trading.
Regardless if investors trade the Forex market, cryptocurrencies or any other financial instruments, our complete suite of accurate Forex tools and calculators are programmed to work with any data inputted.
By using live market data, our set of calculators allows traders to always get the most accurate results possible, and they work with most FX pairs, metals and even cryptocurrencies. Also, these great calculators are translated into 23 different languages including Arabic, Russian, Japanese and Chinese.
With an intuitive design and a user-friendly interface, these calculators can be easily integrated with any web page. The substantial advantage is that they are completely unbranded, and can be fully customizable to any color scheme and to fit the layout of any web page.
If you're a webmaster and consider that these calculators can create added value for your website on a "Tools/Calculators" section, you are free to embed them on your website.
The embedding widget can be used as it is or it can be fully configured to match your website’s colours. When you are happy with the settings, simply copy/paste the final code to embed the tool/calculator widget on your page.