Profit and loss calculator
What a move is actually worth, before you take the trade rather than after. Enter where you would get in and out, and it gives you the money and the pips.
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Enter an exit price to see the answer.
Prices shown are our last stored reading and are indicative only. Contract sizes follow the standard market conventions and are printed above the calculator; your account’s own specification is what applies to a real position. Nothing here is a recommendation.
What this does not include
Spread, commission and overnight financing are not in the figure, and that is deliberate. They depend on your account type and the instrument, and inventing an average would make the number look precise while being wrong.
In practice they matter most to short-term trading. A strategy taking several trades a day pays the spread several times a day, and a spread that seems trivial per trade can be most of the difference between a profitable method and an unprofitable one. A position held for weeks pays financing instead, every night, and that is the cost people forget entirely.
Run the loss as well as the profit
The useful habit is to put your stop in as the exit price before you put your target in. Seeing the loss in money, in advance, is what stops a position being sized on optimism.
A trade worth taking usually shows a target worth more than the stop — but a good ratio on paper means nothing if the target is somewhere the price has no reason to reach. Both numbers have to be honest.
Common questions
- Why is my platform figure slightly different?
- Costs. The platform shows the result after spread, any commission and any financing already charged; this shows the price move alone.
- How does a short position make money?
- You sell first and buy back lower, and the profit is the difference. The arithmetic is the same as a long trade with the entry and exit swapped, which is what the working underneath shows.
- Why is the yen result converted at the exit price?
- The profit on a yen pair arises in yen, and it is converted to dollars when the position closes. Using the exit rate is the closing convention.
- Can I lose more than I put in?
- Positions are closed automatically when margin runs out, which is designed to prevent it, but a gap — a price jumping past your stop with no trading in between — can still close you worse than the level you set.
The other tools
Pip value calculator
Work out what one pip is worth in dollars on EUR/USD, GBP/USD, USD/JPY, gold and crypto, for any position size — with the arithmetic shown, not hidden.
Margin calculator
How much margin a position requires at 1:1 to 100:1 leverage, on forex, gold and crypto CFDs. Shows the position value as well as the margin, because the two are not the same thing.
Position size calculator
Work the position size backwards from what you are prepared to lose: account balance, risk percentage and stop distance in, lots out. Rounds down, never up.
Market hours
Which sessions are dealing right now, when they overlap, and when spot FX closes for the weekend.
Economic calendar
Central bank decisions and the data releases that move these markets, with the date, the time in UTC and the official source.
Try the numbers with nothing on them
A demo account uses the same platform and the same live prices as a live one, with virtual funds. It costs nothing and never expires.