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💹 Forex Profit Calculator

Calculate forex pip value and profit or loss for any trade instantly. Select your currency pair, lot size, entry and exit prices to see pips gained or lost and total P&L in USD.

Forex Profit Formula

Pips = (Exit − Entry) × 10,000  [× 100 for JPY pairs]
Pip Value (XXX/USD) = Lot Size × 0.0001
Pip Value (USD/XXX) = Lot Size × 0.0001 ÷ Exit Price
Profit = Pips × Pip Value

For Short positions, pips are inverted: Pips = (Entry − Exit) × 10,000.

How to Calculate Forex Profit — Step by Step

  1. 1
    Select Currency Pair
    Choose the pair you traded. The pair determines whether it is a direct or indirect quote and how pip value is calculated.
  2. 2
    Set Lot Size
    Standard = 100,000 units, Mini = 10,000, Micro = 1,000. A larger lot size means a higher dollar value per pip.
  3. 3
    Enter Entry & Exit
    Input your opening and closing prices. For a Long trade, a higher exit means profit; for Short, a lower exit means profit.
  4. 4
    Choose Long or Short
    Long means you bought expecting price to rise. Short means you sold expecting price to fall.
  5. 5
    Read Your P&L
    The calculator shows pips gained or lost, the dollar pip value, and total profit or loss in USD.

Real-World Example

You buy 1 standard lot of EUR/USD at 1.0850 and close at 1.0920 (Long trade).

Pips = (1.0920 − 1.0850) × 10,000 = 70 pips
Pip Value = 100,000 × 0.0001 = $10 / pip
Profit = 70 × $10 = $700

Frequently Asked Questions

A pip (percentage in point) is the smallest standard price move in a currency pair. For most pairs it is 0.0001 (the fourth decimal place). For JPY pairs it is 0.01 (the second decimal place).

Lot size defines how many currency units you are trading. A standard lot is 100,000 units, a mini lot is 10,000 units, and a micro lot is 1,000 units. Larger lots mean larger pip values.

Forex profit = pips gained × pip value per unit × lot size. Pip value depends on the pair; for EUR/USD a standard lot has a pip value of $10, so 70 pips profit equals $700.

The spread is the difference between the bid (sell) and ask (buy) price. It represents the broker's fee. A 1-pip spread on EUR/USD costs $10 per standard lot and should be subtracted from your profit calculation.

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