Forex Profit Calculator
Calculate your potential profit or loss before entering a position to plan your trading strategy accordingly.
Calculation Results
Calculation Explanation
Enter your trade details and click “Calculate Profit/Loss” to see the results.
The Forex Profit Calculator is an essential tool for traders who want to estimate potential profits or losses before executing trades. This calculator helps you make informed decisions by providing accurate calculations based on your trading parameters. By inputting details such as currency pair, position size, entry and exit prices, you can get a clear picture of what to expect from your trade, including costs associated with spreads and overnight swaps.
Using a profit calculator is crucial for proper risk management as it allows you to determine appropriate stop-loss and take-profit levels. It also helps you understand the margin requirements for your trades and evaluate whether a particular trade aligns with your risk tolerance and trading strategy.
How to Use the Forex Profit Calculator
Step-by-Step Guide to Using the Forex Profit Calculator
Step 1: Select Your Currency Pair and Account Currency
Choose the currency pair you want to trade from the dropdown menu. Then select your account’s base currency. This is important as it affects how profits and losses are calculated.
Step 2: Enter Position Details
Select whether you’re planning a Buy (Long) or Sell (Short) position. Choose your lot size type (Standard, Mini, or Micro) and enter the number of lots you wish to trade.
Step 3: Input Price Information
Enter your expected entry (Open Price) and exit (Close Price) prices for the trade. Be as precise as possible for accurate calculations.
Step 4: Specify Additional Parameters
Set your leverage ratio, spread in pips, overnight swap rate, and how many days you plan to hold the position. These factors affect your total trading costs.
Step 5: Review Your Results
After clicking the Calculate button, examine the detailed results showing your potential profit/loss in both currency and pips, required margin, margin level, costs, and net result. The explanation section provides a breakdown of how these figures were calculated.