Forex Profit Calculator
Calculate potential profits, losses, and risk metrics for your Forex trades
Trade Parameters
Trade Results
Trading Insight
When trade results are negative, all metrics will display in red. This visual cue helps quickly identify unprofitable scenarios for better risk assessment.
Forex Profit Calculator Guide
Learn how to effectively use the Profit Calculator Forex to plan and manage your trades
Introduction
The Forex Profit Calculator is a powerful tool designed to help you plan and manage your Forex trades efficiently. Whether you're a beginner or an advanced trader, this guide will walk you through the process of using the Forex profit calculator to make informed decisions.
This guide covers all aspects of using the forex calculator profit, from selecting trade parameters to understanding the results. Check our listing of Currency Pairs here.
Step-by-Step Guide
1 Select Buy or Sell
Choose whether you are opening a Buy (long) or Sell (short) position.
2 Set Trade Size
Choose how you want to specify your trade size:
- Lots: Enter the number of lots you plan to trade
- Units: Enter the total number of currency units you wish to trade
3 Select Currency Pair
Choose the currency pair you're trading (e.g., EUR/USD, USD/JPY).
Available Currency Pairs:
4 Select Account Currency
Choose the currency in which your trading account is denominated (e.g., USD, EUR).
5 Enter Trade Size
Input the trade size in lots or units, depending on your selection in Step 2.
6 Enter Entry and Exit Prices
Entry Price: The price at which you plan to enter the trade.
Exit Price: The price at which you plan to close the trade.
7 Set Stop Loss and Take Profit (Optional)
Stop Loss: The price at which you'll exit the trade to limit losses.
Take Profit: The price at which you'll exit the trade to lock in profits.
8 Enter Leverage
Input the leverage provided by your broker (e.g., 50:1, 100:1).
9 Click 'Calculate'
Once all fields are filled, click the 'Calculate' button to generate detailed results.
Understanding the Results
After clicking 'Calculate', the tool will provide the following insights:
Profit/Loss
The estimated profit or loss in your account currency. Positive values are shown in green, while negative values (losses) are shown in red.
Pip Value
A pip (short for "percentage in point" or "price interest point") is the smallest price movement in a currency pair. It represents the fourth decimal place in most currency pairs, except for pairs involving the Japanese Yen (JPY), where it represents the second decimal place.
Risk/Reward Ratio
The ratio of potential profit to potential loss, based on your stop-loss and take-profit levels. This helps you evaluate whether a trade is worth taking based on the potential return compared to the risk.
Margin Required
The amount of margin needed to open the trade, based on your leverage. This shows how much of your capital will be used to open the position.