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Forex Profit Calculator
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 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, exoctic 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 straight forward. 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).
TIPThis Profit Calculator can also be used to calculate how much equity and pips will be lost if the trader inputs a close price lower than the open price (on a buy trade), simulating a stop-loss hit. Or a close price higher than the open price, for a sell trade. When using the Profit Calculator to simulate a stop-loss hit, the results will be displayed in minus.
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 trading the forex market 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.
