Calculate the profit or loss of a trade in pips and in your account currency. Open and close prices start at the live market price, so you can plan a target or check a closed trade.
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How to use the profit calculator
Choose buy or sell, the position size in lots, and the open and close prices. The calculator shows the result in pips and in money. For a buy, profit is made when the close price is above the open; for a sell, when it is below.
The profit formula
Profit = (close price − open price) × contract size × lots for a buy, and the reverse for a sell. The result is in the quote currency of the pair and is converted to your account currency at the current exchange rate.
Example: buy 0.50 lots of GBP/USD at 1.3200 and close at 1.3260. That is 60 pips × $5 per pip = $300 profit.
Profit on pairs whose quote currency is not your account currency (EUR/JPY in a USD account, for example) is converted at today’s rate, so your broker’s figure for an old trade can differ slightly.
What the calculator does not include
- Spread and commission. Your platform fills buys at the ask and sells at the bid, so the round trip costs the spread plus any commission.
- Swap. Positions held past 17:00 New York time are charged or paid overnight interest. Check the current rates on our forex swap rates page.
Using it for risk–reward
Enter your stop loss as the close price to see the loss, then your target to see the profit. The ratio between the two is the trade’s risk–reward. To choose the position size from the stop, use the position size calculator.