Forex Profit Calculator — Trade P&L in Any Currency

Forex profit is calculated by multiplying the number of pips gained by the pip value per lot and the number of lots traded. The pip value for major pairs with USD as the quote currency (EUR/USD, GBP/USD) is approximately $10 per standard lot. The number of pips is determined by the difference between exit and entry price divided by the pip size (0.0001 for most pairs, 0.01 for JPY pairs). Direction matters: a rising price generates profit for long trades but a loss for short trades.

In a long (buy) trade, you purchase the base currency (the first currency in the pair) and profit when the price rises. In a short (sell) trade, you sell the base currency and profit when the price falls. For example, going long EUR/USD at 1.0800 means you profit if EUR/USD rises to 1.0850 (+50 pips). Going short EUR/USD at 1.0800 means you profit if it falls to 1.0750 (+50 pips). The direction must be entered correctly in the calculator for accurate profit/loss results.

Pip value differs because not all pairs have USD as the quote currency. For EUR/USD, GBP/USD, AUD/USD, and NZD/USD, USD is the quote currency, so pip values are fixed at $10 per standard lot. For pairs like USD/JPY, USD/CHF, and USD/CAD, USD is the base currency, so pip values fluctuate with the exchange rate. Cross pairs (EUR/GBP, EUR/JPY) require conversion through a third currency. This calculator uses established reference pip values per pair for quick estimates.

No — this calculator shows the theoretical profit or loss based purely on price movement. In practice, your broker charges a spread (the difference between the buy and sell price, typically 0.5–2 pips for major pairs) which effectively widens your entry price and reduces your profit. Some brokers charge a separate commission per lot instead of or in addition to the spread. To get your net profit, subtract the total spread and commission cost from the calculated figure.

The number of pips needed to make $100 depends on your lot size. With EUR/USD's $10/pip value: 1 standard lot requires 10 pips, 0.5 lots requires 20 pips, 0.1 mini lot requires 100 pips, and 0.01 micro lot requires 1,000 pips. This is why lot size is such a powerful lever in forex — larger positions reach profit targets in fewer pip movements, but also amplify losses. Use this calculator to quickly test different entry/exit scenarios for any target profit.