Finance Tools
Reading the Result
The calculator compares your open and close prices for the pair, applies your trade size and direction, and gives the profit or loss in your deposit currency. A negative figure is a loss.
Costs to Subtract
The figure is before trading costs. Take off the spread, any commission and the overnight swap if you hold the trade past the daily rollover. Our broker reviews list these costs.
Test Both Outcomes
Work out the result at your target and at your stop before you trade. If the loss at the stop is larger than you can accept, the trade is too big.
Not a Forecast
The calculator tells you what a price move would be worth, not whether it will happen. Use it to size and plan trades, not to pick them.
A Worked Example
Buying 1 lot of EUR/USD at 1.1000 and closing at 1.1050 is a 50-pip move, worth about $500 on a USD account. The same move on a sell would be a $500 loss.
Top Articles
How Much Money Do You Need to Start Trading Forex?
Learn how much money you really need to start trading forex based on position size, stop-loss distance, trading costs, leverage, margin requirements, and risk per trade. This guide explains how to calculate a practical starting balance, compares common account sizes, and shows why a broker’s minimum deposit may not be enough for effective risk management.
Trading Forex for Beginners: A Complete Practical Guide
Learn the fundamentals of forex trading with this practical beginner-friendly guide. Discover how currency pairs, pips, lots, spreads, charts, leverage, margin, order types, and position sizing work, while gaining a clear understanding of the risks and costs involved. The guide also covers popular forex trading styles, risk-management techniques, trading plans, demo accounts, broker selection, common beginner mistakes, and important scam warning signs. With practical examples and a step-by-step approach, it is designed to help new traders understand how the forex market works and prepare for trading responsibly before risking real money.
