Forex Profit Calculator

Forex Profit Calculator to calculate your Forex trading profits or losses. Pip calculator is calculated based on trading position or lot size, number of lots, entry and exit price.

Forex Calculator

Forex pip profit calculator is useful for forex traders and investors to calculate trading profits.

What is a currency pair?

A currency pair is the ratio of the value of one currency against another. For example, EURUSD is the currency pair of Euro to the US dollar. Following are some of the most popular currency pairs.

• EURUSD
• USDCAD
• GBPUSD
• USDJPY
• AUDUSD
• EURJPY
• EURCHF
• EURGBP
• EURCAD
• EURAUD

What is Forex lot size?

Forex is traded in the lot, or the number of units that are within the lot. The standard lot size for trading is 100,000.

Traders can also trade in a smaller lot such as the mini, micro, or nano lot. The table below shows the specific units for all the lot sizes.

How to calculate lot size in Forex?

Let's take a look at how to calculate lot size in Forex.

Standard Lot Size

Let's say the current rate for EUR USD is 1.14, and you want to buy 1 lot of a standard lot size of 100,000 units, following is how you would calculate the costs.

Costs = 1.14 * 100,000 = $114,000

Since the unit for a standard lot size is 100,000, we just multiply the price, $1.14 by the number of units, or 100,000. Therefore, to buy one lot of a standard size would cost you $114,000.

Not many people can afford this kind of money, that's why there are smaller lot sizes such as the mini, micro, and nano lot designed for traders with smaller accounts. Let's take a look at another example with a smaller lot size.

Mini Lot Size

Let's say you want to buy 1 lot size of EURUSD with a mini lot size of 10,000 units, this is how much it would cost.

Costs = 1.14 * 10,000 = $11,400

The costs of a mini lot size are much smaller compared to the standard lot size. In fact, it is 10 times smaller than the cost of a regular lot size, $114,000 for the standard lot size, and only $11,4000 for the mini lot size.

$11,400 is still a lot of money for many traders. If you have an account less than $5,000 and still want to be able to trade the EUR USD currency pair, you have the option to trade micro and nano lot sizes.

The calculation of micro and nano lot sizes is the exact same as the standard and mini lot sizes. The only difference is the number of units is much smaller.

How to calculate pips profit?

After you've bought and sold a forex pair, here's how to calculate pips profit or losses for your trade. There are only four variables that are needed to calculate the pips forex, lot size, # of lots, buy, and sell price.

Let's say you bought 5 lots of EUR USD pairs at the price of $1.11 with a Micro lot and sold your lot when the price rises to $1.14.

Costs = $1.11 * 5 * 1,000 = $5,550

Sold For = $1.14 * 5 * 1,000 = $5,700

Forex Profit = $5,700 - $5,550 = $150

Therefore, you've made a $150 profit for this EURUSD trade.