This free forex profit calculator turns a trade's size and its entry and exit prices into a profit or loss figure. It works in the pair's quote currency, so no live exchange rate is assumed — convert to your account currency at the current rate.
Profit / loss calculator
Trade P&L
Result is in the pair's quote currency; convert to your account currency at the current rate.
How it works
profit = pips × (contract size × pip size) × lots
First it works out the pips gained or lost between your entry and exit (in your trade's direction). Then it multiplies by the pip value per lot — the contract size (100,000) times the pip size — and by your number of lots. The result is the gross P&L in the quote currency, before spread, commission and swap.
This shows the profit or loss from the price move only — your real result also includes the spread, commission and overnight swap, and is settled in your account currency. It's a planning tool, not financial advice, and most retail traders lose money. Practise on a demo first.
See your P&L live on a free demo
Open a free MT4 demo and watch profit and loss update in real time with virtual money before risking real funds.
⚠ Trading forex and CFDs is high-risk and most retail traders lose money. This is not financial advice.
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Related tools & guides
Pair it with the pip and lot size calculators, factor in the swap, or learn how to use MT4.
Frequently asked questions
How do I calculate forex profit?
Profit = the number of pips gained × the pip value × your trade size in lots. The pip value per standard lot is the contract size (100,000) times the pip size — about 10 units of the quote currency for most pairs, or 1,000 yen for JPY pairs. The calculator does this from your entry and exit prices.
What currency is the profit in?
The raw result is in the pair's quote currency (the second currency in the pair) — for EUR/USD that's US dollars; for USD/JPY it's yen. To see it in your account currency, convert at the current exchange rate. The calculator keeps it in the quote currency so no live rate is assumed.
Does this include spread and commission?
No — it's the gross profit or loss from the price move. Your real result also reflects the spread, any commission, and overnight swap. Treat the figure as an estimate of the price-move part of your P&L.
How do I work out the pips?
Pips = the price difference ÷ the pip size (0.0001 for most pairs, 0.01 for JPY pairs), in your trade's direction. A EUR/USD move from 1.1000 to 1.1050 is 50 pips. Our pip calculator covers pip value in more detail.
Trading foreign exchange and contracts for difference (CFDs) carries a high level of risk and may not be suitable for all investors. Leverage can work against you as well as for you. You could lose some or all of your deposited funds; do not trade with money you cannot afford to lose. Past performance is not indicative of future results. Nothing on MT4Download.com is financial, investment, or trading advice. Consider your circumstances and seek independent advice if needed.