Pips Gained/Lost
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Profit / Loss
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Return on Margin
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When Should You Use This?
Use this calculator to estimate your profit or loss before entering a forex trade. Knowing your potential P&L helps you decide if the risk/reward is worth taking.
How It Works
1
Enter Trade Details
Input your entry price, target exit price, lot size, and pip value for your currency pair.
2
Set Direction
Enter 1 for a buy (long) trade or -1 for a sell (short) trade.
3
Evaluate the Trade
See your potential profit in dollars and pips. Compare to your risk to ensure a favorable risk/reward ratio.
Frequently Asked Questions
For pairs where USD is the quote currency (EUR/USD), 1 pip = $10 per standard lot. For other pairs, it depends on the exchange rate. Use our Pip Calculator for exact values.
Standard lot = 100,000 units. Mini lot = 10,000. Micro lot = 1,000. The lot size determines how much each pip is worth in your account currency.
Yes, but adjust the pip value accordingly. For JPY pairs, a pip is 0.01 instead of 0.0001. Use our Pip Calculator to find the correct pip value.
This calculator doesn't include spread. Subtract your broker's spread (typically 0.5-2 pips) from the pips gained for a more realistic estimate.
Return on margin shows your profit relative to the margin (deposit) required to hold the position. With 100:1 leverage, a small price move can produce a large percentage return.