Use the calculator below to calculate a trade’s profit or loss in money or pips based on the instrument traded, lot size used, and difference between entry and closing price.
What is a Forex Profit Calculator ?
A Forex Profit Calculator is a tool that helps forex traders determine potential profit or loss in money or pips of a trade. It calculates profits by using the instrument traded, the lot size used, and the difference between entry and closing prices.
Here’s how to use the Forex Profit Calculator
Use the following steps as a guidance on how to calculate your profits or loses using this calculator.
1.Instrument : Select the instrument or currency pair for which you want to calculate the profit.
2.Deposit currency: Select the currency on which your trading account is based or the currency on which you want the result to be based.
3.Buy or Sell : Choose the trading direction of the trade you want to calculate its potential profit or loss
4.Lots (trade size) :Enter the lot size or volume that you will use for the trade.
5.Open Price : Enter the entry price of your trade or potential entry price if you have not taken the trade yet.
6.Closing Price :Enter the closing price of your trade or targeted potential closing price if you have not taken the trade yet.
To determine your profit click on “calculate” and the calculator will use the initial data you have entered to calculate your profit in money and in pips.
This is a Calculator to:
1.Calculate Profit for Forex or Currency Pairs such as EURUSD
2.Calculate Profit for Indices such as Nasdaq (US100) , Dow Jones (US30)
3.Calculate Profit for Commodities like Gold (XAU)
4.Calculate Profit for Cryptocurrency like Bitcoin(BTC)
5.Calculate Profit for Stocks