Forex Profit Calculator
Forex Profit Calculator
This forex profit calculator turns an entry price, an exit price and a lot size into the two numbers that decide everything: the pips you captured and the money that lands in your account currency. Run it before the trade rather than after it, because a target that looks generous on the chart is sometimes barely worth the spread.
What is a Forex Profit Calculator
A Forex Profit Calculator is useful to simulate 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 and closed at specific values, and will display the results of the potential profit or loss in money and in pips.
How to Use the Forex Profit Calculator
Instrument: Traders can select from major, exotic and minor currency pairs, global stock indices, popular cryptocurrencies, such as ADA, BTC, ETH, DOGE, LTC and XRP, and commodities, including Oil, Gold and Silver. Let’s choose, for our example, the AUD/USD pair.
Deposit currency: This field is pretty straightforward. Select your trading account deposit currency to get the calculations converted to that currency. We will choose the AUD as our 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 in forex is 100,000 currency units, but units per 1 lot vary for non-forex pairs. In this field there’s an option to switch between lots or units for the calculations. For our example, we will select a trading size of 0.10 lot.
Open price: Just input an open price for the trade. For our example, we will type an open price of 0.75345 for our AUD/USD position.
Close price: ;The last field of the calculator. Just input the closing price for the trade. On our example, we will type a close price of 0.75855.
Now, we hit the “Calculate” button.
The results: The Profit Calculator will calculate the profit in money (converted in account base currency previously selected) and also the profit in the total amount of pips gained.
So, for our example, opening a long AUD/USD trade, of 0.10 lots at 0.75345, and close it at 0.75855, will yield a profit of AUD 67.66 (profit in money), with a total of 51 pips gain (profit in pips).
What the forex profit calculator does with your numbers
First, the calculator measures the distance between your entry and your exit, converts that distance into pips, and multiplies it by the value of a pip for the volume you traded. Finally it converts the result into your deposit currency at the live rate.
For example, take a simple case. You buy 0.50 lots of EUR/USD at 1.0850 and close at 1.0920, so you captured 70 pips. One pip on half a lot is worth 5 dollars, therefore the trade made 350 dollars. Sell the same move and the sign flips, nothing else changes.
Forex profit calculator examples on gold and on EUR/USD
Gold surprises people, because the same number of pips is worth much less than on a currency pair, while the price swings far more.
| Trade | Move captured | Result |
|---|---|---|
| 0.50 lots EUR/USD, 1.0850 to 1.0920 | 70 pips | 350.00 USD |
| 0.10 lots EUR/USD, 1.0850 to 1.0820 | 30 pips against you | 30.00 USD lost |
| 0.10 lots gold, 3,650.00 to 3,679.00 | 2,900 pips | 290.00 USD |
| 0.20 lots USD/JPY, 147.00 to 147.60 | 60 pips | about 81.30 USD |
That third row is worth a second look. A 29 dollar move in gold is an ordinary morning, and on a tenth of a lot it already pays more than a good EUR/USD trade. Above all, it explains why risk on gold has to be sized with a calculator and never by habit.
Why the forex profit calculator differs from your broker statement
Basically, the calculator gives you the clean, theoretical result. Your statement then subtracts three things.
- Spread. You buy at the ask and sell at the bid, so a one pip spread quietly removes one pip from every round trip.
- Commission. Raw spread accounts usually charge around 7 dollars per lot per round turn, which matters enormously when you scalp.
- Swap. Hold a position past the server rollover and the interest difference is credited or debited, and on Wednesday it counts triple.
As a result, a scalping strategy that looks profitable in the calculator can lose money in reality, while a swing strategy barely notices. Check the real cost of your stop first with the pip value calculator.
How to use the forex profit calculator before you place the order
Generally, most traders open this page after the trade, out of curiosity. The useful moment is earlier, while you can still change your mind.
- Put your intended entry in, then your stop loss as the closing price. That figure is your risk in money.
- Do it again with your target as the closing price. That figure is your reward.
- Compare the two. Unless the reward is at least twice the risk, the setup usually is not worth the screen time.
Then size the trade properly with the lot size calculator and look at what a bad run would cost you in the drawdown calculator. If you want the targets drawn for you instead of guessed, Deadbolt plots the pivot levels straight onto the chart.
Forex profit calculator questions traders ask
Does it work for short trades? Yes, so just set the direction to sell. The calculator handles the sign for you, so a falling price then shows as profit.
Can I use it for indices and crypto? Certainly. Contract sizes differ a great deal between brokers though, so confirm the specification of your own symbol before you trust the number.
Why is my yen pair result not round? Because the profit arrives in yen and then converts into your account currency, and that rate keeps moving. Dollar pairs stay tidy for exactly the opposite reason.
Should I include the spread in my target? Always. Add the spread to the distance you need, otherwise a fifteen pip scalp with a two pip spread is really a seventeen pip trade and the numbers stop adding up.
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Updated in September 2026