Forex Profit Calculator

Forex Profit Calculator is calculator in Forex trading that gives you profit on your trade you have open with exit level.

The exit level in Forex can be profit or loss which you define with setting stop loss and take profit level.

Forex profit calculator requires entry values:

• Instrument or symbols or currency pair
• Deposit currency
• Order type, Buy or Sell
• Lot size or Volume
• Open price
• Close Price

When you enter these values the profit calculator will give you profit you would make on that trade and you will see the number of pips.

If you have put stop loss or take profit as a close price you will get the profit positive or negative depending on the order type.

Use this calculator to properly define entry and exit levels based on your risk management to control the risk of drawdown.

Forex Profit Calculator

Forex profit calculator gives you possible profit on your trade based on your trading currency pair or symbol and the lot size you define with entry and exit levels.

You get the profit in deposit currency which allows you to properly define your risk per each trade.

How Do I Calculate My Profit in Forex?

You calculate profit in Forex by defining the entry and exit levels. This will give you the number of pips you will make.

After that you take the pip value calculator and calculate the value of the pips you will make.

And the value of a pips depends on the lot size you will use in that trade.

Read more: Pip Value Calculator

The formula used in the calculation of the profit in Forex is:

Profit in Forex = (Close Price – Open Price) x Lot x Contract Size

Calculate Profit in Forex – Example

In this example I will show you how to calculate profit in Forex trade open on the GBPUSD. You will see how to make the calculation using the Forex profit calculator and how to calculate manually.

Manual calculation is slower, but it helps you understand the formula and calculations and the variables used.

• Instrument: GBPUSD
• Deposit Currency: USD
• Buy or Sell: BUY
• Lot size = 0.1
• Open price: 1.26161
• Close Price: 1.30000
• Contract Size: 100 000

Manual Calculation of Profit

Profit in Forex = (Close Price – Open Price) x Lot x Contract Size

Profit in Forex = (1.30000 – 1.26161) x 0.1 x 100000

Profit in Forex = 0,03839 x 0.1 x 100000

Profit in Forex = $383.90

so, in this trade the profit would be $383.90 with 383,9 pips difference.

Now, let’s use the Forex profit calculator with the same variables and the values.

When I put these values inside the profit calculator I get the same result. The profit in USD and the number of pips are equal. Which means the manual and calculator results are the same.

Calculate Profit in the Opposite Direction

Now, let’s take the same example, but instead of putting Close price on Take Profit level I will set it to Stop Loss level.

Stop Loss level is at 1.24652. This level is below open price and when I want to calculate the profit where I have open Buy order this means I will lose money.

So, the result will be negative.

When I hover my mouse over the stop loss level you can see that it shows -150.90 USD which is -1509 pipette or -150.9 pips.

If I use the calculator and put Close price to stop the loss level at 1.24652 I will get the same result as on the chart.

Conclusion

The Forex profit calculator is a great tool that gives you profit based on your entry and exit level with the number of pips.

You can calculate the profit and stop loss level easily in the deposit currency to see how much you will make or lose in that trade.

Calculating the profit on each trade is very important and calculating the risk is also important.