The Profit/Loss Calculator shows your exact gain or loss on open or closed trades. You can calculate using either an Exit Price or Pips distance. Use it to verify broker numbers or plan exit strategies.

What You'll Need

Entry price (where you bought/sold)
Current or exit price
Position size (in lots)
Trade direction (buy or sell)
The currency pair

Step-by-Step Instructions

1Select Trade Direction

Click BUY if you went long (bought) or SELL if you went short (sold).

Examples:
• You think EUR/USD will go up → Click BUY
• You think GBP/USD will go down → Click SELL

2Enter Entry Price

The price where you opened the trade.

Example: Bought EUR/USD at 1.0850

3Enter Exit/Current Price

Either the current market price (for open trades) or your actual exit price (for closed trades).

Example: Current price is 1.0920 or you closed at 1.0920

4Enter Position Size

How many lots did you trade?

Example: 0.5 lots (50,000 units)

5Review Results

The calculator shows:

Profit/Loss in dollars
Profit/Loss in pips
Return on risk (%)
Color coding: Green = profit, Red = loss

Real Trading Examples

Example 1: Winning EUR/USD Trade

Direction: BUY
Entry Price: 1.0850
Exit Price: 1.0920
Position Size: 0.5 lots
Currency Pair: EUR/USD

Result:
Pip Movement: 70 pips (1.0920 - 1.0850 = 0.0070)
Profit: +$350 (70 pips × $5 per pip)
Status: ✅ Winning trade

Example 2: Losing GBP/USD Trade

Direction: SELL
Entry Price: 1.2700
Current Price: 1.2750 (still open)
Position Size: 0.2 lots
Currency Pair: GBP/USD

Result:
Pip Movement: -50 pips (sold at 1.2700, price went up to 1.2750)
Loss: -$100 (50 pips × $2 per pip)
Status: ❌ Losing trade (should hit stop loss)

Example 3: USD/JPY Trade

Direction: BUY
Entry Price: 148.20
Exit Price: 148.80
Position Size: 1.0 lot
Currency Pair: USD/JPY

Result:
Pip Movement: 60 pips (148.80 - 148.20 = 0.60)
Profit: +$405
Status: ✅ Solid winner

Understanding Buy vs Sell

BUY (Long) Trades

You profit when price goes UP.

Entry: 1.0850 → Exit: 1.0920 = +70 pips profit
Entry: 1.0850 → Exit: 1.0820 = -30 pips loss

SELL (Short) Trades

You profit when price goes DOWN.

Entry: 1.2700 → Exit: 1.2650 = +50 pips profit
Entry: 1.2700 → Exit: 1.2750 = -50 pips loss

Common Mistakes

❌ Mistake #1: Wrong Direction Selected

If you bought (went long) but selected SELL, results will be inverted. Double-check direction!

❌ Mistake #2: Entry vs Exit Confusion

Entry = where you opened. Exit = where you closed (or current price if still open). Don't mix them up.

❌ Mistake #3: Forgetting Spread/Commission

This calculator shows gross P&L. Your broker deducts spread and commission, so actual profit will be slightly less.

❌ Mistake #4: Wrong Decimal Places for JPY

JPY pairs: 148.50, not 1.4850. EUR/USD: 1.0850, not 10850. Match your broker's format.

When to Use This Calculator

💡 Before Exiting: Check if current profit meets your target. Don't close early if you haven't hit your planned R:R.

💡 Double-Check Broker: Verify your broker's reported P&L is accurate. Catches broker errors or misunderstandings.

💡 "What If" Scenarios: See potential profit at different exit levels. "If I exit at 1.0900 vs 1.0950, what's the difference?"

💡 Journaling: Record exact pip profit/loss for each trade in your journal. Essential for analyzing performance.

Pro Tips

💡 Tip #1: Use this alongside the Risk/Reward Calculator. If you planned 1:2 R:R (risk $100 for $200), verify you're actually hitting $200 before closing.

💡 Tip #2: For open trades, update with current price regularly to see if you're still comfortable holding.

💡 Tip #3: Save screenshots of big wins/losses. Helps with tax reporting and performance analysis.

FAQ

Q: Can I use this for crypto?

A: Yes! The calculator supports BTC/USD (Bitcoin) and ETH/USD (Ethereum) along with forex, commodities, and indices. Select your pair from the Trading Pair dropdown.

Q: What if I have multiple entries?

A: Calculate your average entry price first, then use that. Or calculate each position separately and sum them.

Q: Does this include swap/rollover fees?

A: No, this is pure price movement. Check your broker statement for overnight fees.

Q: Why is my broker showing different numbers?

A: Broker includes spread, commission, and possibly swap fees. This calculator shows gross P&L from price movement only.

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Related: Pip Calculator Guide | All Calculators