Plug in your direction, entry, exit, and lot size to see exactly how many pips you made and the dollar value of that move in your account currency. Great for journalling and post-trade review.
Profit and loss on a forex trade comes down to the price move, expressed in pips, multiplied by what each pip is worth for your position size. The calculator first finds the raw price difference between exit and entry, adjusts the sign for direction (a short trade profits when price falls), then divides by the pair's pip size to get pips gained or lost.
That pip figure is multiplied by the pip value for one lot on your chosen pair, in your account currency, and then by your position size — giving the realised dollar profit or loss for the exact trade you took.
This is the same arithmetic your broker uses to settle a closed position, which makes the calculator useful both for planning trades before you take them and for double-checking figures in your trading journal afterward.
Worked example: buying 1 standard lot of EUR/USD at 1.1000 and closing at 1.1075 is a 75-pip gain. At $10 per pip for a standard lot, that's a $750 profit — a 0.68% return measured against the 1.1000 entry price. Reverse the direction to a short at the same prices and the same 75-pip move becomes a $750 loss instead.
Profit or loss equals the number of pips gained or lost, multiplied by the pip value for your position size. Pips are the price move from entry to exit adjusted for trade direction, and pip value depends on the pair and your account currency.
Pips measure price movement, not money. The same 30-pip move is worth a different dollar amount depending on your position size and the pair traded, so converting to your account currency is the only way to see the real financial impact.
Yes, directly and linearly. Doubling your lot size doubles the dollar value of every pip moved, which doubles both your potential profit and your potential loss for the same price move.
Yes — enter your current market price as the exit price to see your open trade's floating profit or loss, or enter a hypothetical exit to plan a target before you enter.
On a short trade you profit when the exit price is lower than the entry price, so the calculator reverses the sign of the price move for short positions before converting to pips and dollars.