Before you take a trade, it pays to know what each scenario is worth. This calculator turns an entry and exit price into a clear profit or loss — in both pips and your account currency — for long and short positions. Use it to weigh a setup’s reward against its risk, or to check a closed trade after the fact.
Profit and loss is the price distance you captured, multiplied by your position size, with the sign flipped for short trades. The result is computed in the quote currency and then converted to your account currency:
Move (long) = exit − entry Move (short) = entry − exit Pips = Move ÷ pip size P&L (quote) = Move × (lots × contract size) P&L (account) = P&L (quote) → converted to account currency Example — Long 1.0 lot EUR/USD, entry 1.0840, exit 1.0890, USD account: Move = 1.0890 − 1.0840 = 0.0050 (50 pips) P&L = 0.0050 × 100,000 = +$500
Pair the projected reward with the risk from your position size to get a reward-to-risk ratio, confirm the pip value, and log the closed trade with its R-multiple in the trade journal. Live prices are on the forex rates board.
No — the result is gross of trading costs. Subtract your broker's spread, commission and any overnight swap to get the net profit or loss.
Select 'Sell / Short'. The tool measures the move as entry minus exit, so a falling price produces a profit. Everything else is identical to a long.
P&L is first calculated in the pair's quote currency, then converted to your account currency at the current cross rate so the number matches what hits your balance.