Plan Your Trades
The Profit/Loss Calculator helps you estimate the financial outcome of a trade before you place it. By entering the currency pair, trade size, entry price, exit price, and direction, you can see exactly how much you stand to gain or lose. This is an essential part of any trading plan and helps you make informed decisions.
How Profit/Loss is Calculated
The profit or loss from a forex trade depends on the price difference between entry and exit, the trade size, and the direction:
- Buy Trade: P/L = (Exit Price - Entry Price) x Contract Size x Lots
- Sell Trade: P/L = (Entry Price - Exit Price) x Contract Size x Lots
- For USD-quoted pairs, the result is directly in USD.
- For non-USD quoted pairs, the result is converted to USD using the current exchange rate.
For example, buying 1 lot of EUR/USD at 1.08500 and closing at 1.09000 gives a profit of (0.00500) x 100,000 = $500.
