Currency Pair Profit Calculator

How to use this tool

1. Select whether the position was long or short.
2. Enter the actual or planned entry and exit prices.
3. Enter the position size in standard lots.
4. Confirm the correct pip size and account-currency pip value.
5. Add spread, commission, swap, and any other known trading costs.
6. Review both gross and net results.
7. Compare the estimate with the platform statement and journal the actual fill-based result.

See the calculation in context

A one-lot EUR/USD long from 1.1000 to 1.1050 gains 50 pips. At $10 per pip, gross profit is $500; after $7 in costs, estimated net profit is $493.

Calculation method

For a long trade, pip result = (exit − entry) ÷ pip size. For a short trade, pip result = (entry − exit) ÷ pip size. Gross P&L = pips × standard lots × pip value per standard lot. Net P&L = gross P&L − costs.

Common mistakes

1. Reversing the short-trade price calculation
2. Using pipettes as pips
3. Assuming pip value is always $10
4. Leaving spread and commission out of the result
5. Using planned prices instead of actual fills for journal review
6. Ignoring account-currency conversion and swaps

Questions and answers