Profit & Loss Calculator
Calculate your potential profit or loss before entering a trade.
How the Profit & Loss Calculator Works
This calculator determines your potential profit or loss based on the difference between your entry and exit prices, multiplied by your position size. It accounts for trade direction (long or short) and converts the result to your account currency using live exchange rates.
For Forex, P&L is calculated using pip values per standard lot. For Indices, it's the point difference multiplied by your contract value. For Crypto, it's simply the price difference multiplied by units held.
How to Use This Calculator (Worked Example)
Scenario: You went long on EUR/USD at 1.0800 with 0.30 lots and want to know your profit if price hits 1.0850.
Step 1: Select EUR/USD and choose "Buy" direction
Step 2: Enter 0.30 as your lot size
Step 3: Enter entry price: 1.0800
Step 4: Enter exit price: 1.0850
Result: Distance = 50 pips. Pip value at 0.30 lots = $3.00. Profit = 50 x $3.00 = $150.
Why this matters: Before entering any trade, you should know exactly what your target is worth and what your stop loss will cost. This removes guesswork and helps you only take trades where the reward justifies the risk.