Calculating your potential profit or loss before placing a trade is a key part of risk management. Our Forex Profit & Loss Calculator helps you estimate how much you can gain or lose based on your trade size, entry/exit price, and currency pair. Whether you’re a beginner or a professional trader, understanding your risk-to-reward ratio before trading is crucial.

Use our free profit & loss calculator to quickly assess your trades and make informed decisions. Simply enter your trade details and calculate your potential P&L instantly

How to Use the Profit & Loss Calculator

Follow these simple steps to estimate your trade’s profit or loss:

• Instrument – Choose the currency pair or asset you are trading.
• Trade Size – Input your position size in lots or units.
• Deposit Currency – Select the base currency of your trading account (e.g., USD, EUR, AUD).
• Open Price – Input the price at which you plan to enter the trade.
• Close Price – Specify the price at which you plan to close the trade.
• Select Lot Units – Choose the unit size (Standard, Mini, or Micro lots). Standard = 100000
• Currency Price – Enter the current price of the asset or use the update button to get the latest value.
• Click ‘Calculate’ – Instantly see your potential profit or loss in your account currency!

By using this tool, you can accurately measure your trade’s risk-to-reward ratio, make better trading decisions, and improve your overall strategy. Try it now to calculate your potential P&L instantly! 🚀