Profit / Loss Calculator
Estimate the dollar profit or loss for any trade. Pick the instrument, enter your entry, exit, lot size and direction — we'll compute the gross P&L using exact pip-value math.
Enter your trade details
Pick the instrument, direction, entry and exit prices.
The formula
P&L_USD = signed_pips × pip_value × lots
Frequently asked questions
How is profit/loss calculated in forex?⌄
P&L = pips × pip value × lot size, signed by direction. The pips are computed from |exit − entry| ÷ pip size, then negated if it's a short and the price moved up (or vice versa). Pip value depends on the instrument; for EUR/USD it's $10/pip, for gold it's $1/pip, for USD/JPY it depends on the current rate.
Why does P&L include the entry price for USD-base pairs?⌄
For USD/JPY, USD/CAD and USD/CHF the pip value varies with the current pair price. A 1-pip move on USD/JPY at 100 is worth different USD than the same pip-move at 150 because you're converting JPY back to USD at a different rate. The calculator uses the entry price as the conversion rate for USD-base pairs to keep the result accurate.
Does this account for commissions and swap fees?⌄
No — this is the gross P&L from price movement only. For net P&L after costs, use the Break-Even calculator to find the price your trade needs to reach to cover commission and spread.
What's the smallest lot size I can use?⌄
Any positive value. Standard = 1.0 lot, mini = 0.1, micro = 0.01. Some brokers offer nano lots (0.001) — just enter the value as 0.001.
Plan the trade before placing it
Size correctly before checking P&L — use the position-size calculator first.
Position size calculator