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Profit in money --
Profit in pips --

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Use our precise forex and crypto profit calculator to help you determine, and calculate, how much you can earn from your trading positions. Accurately calculate the profit, or loss, value in money and pips for a forex or cryptocurrency trading position using live market data, trade direction and the lots traded.

## How to Calculate Forex Profit

When trading forex the trade size, in currency units, is the most important variable to calculate the profit, even more than the entry and exit prices. The trade size, if it’s too small, or too big, will be related to the trade profit. But careful, risking too much of the account margin can easily blow up a trading account.

The forex profit is the difference between the entry and exit prices. For a long trade, the profit is the difference between the buy (lower level) and sell prices (higher level) of a currency pair. For a short trade, the profit is the difference between the short-selling entry (higher level) and the closing price (lower level).

The basic calculation involves multiplying the pip value (pip values vary per traded lot size) by the total amount of profit pips.

USD\$ 1 (Pip Value per 1 Lot) x 71 (Profit Pips) = US \$71 (Equity Profit)

But more specifically, the forex profit, for a long position, can be calculated using the following formula:

Close Price – Open Price x Trade Size = Profit

For example, an investor with a trading account in USD, decides to go long 1 lot (100,000 units) on the GBP/USD pair at 1.3875, with a take profit level at 1.3932. So, what would be the profit for this trade? To find out exactly how much profit this trade would yield (excluding broker commissions and possible rollover charges), we complete the formula with these variables:

1.3932 – 1.3875 x 100,000 = US\$ 570,00

To calculate the forex profit for a short position, we simple change the order of the “Close Price” and “Open Price” variables on the formula:

Open Price – Close Price x Trade Size = Profit

Now you know how to calculate forex profit manually, but there's a much easier way to calculate the forex profit for cryptocurrencies crosses, forex, metals and indices. Simply input your data on our Forex Profit Calculator!

## How to Use this Profit Calculator

This profit calculator is useful to accurately find out how much money a trading position represents, and how much money can be added, or subtracted, from the account equity, if the position is closed in profit or loss. Let's see how to use our profit calculator, field by field.

Currency pair: In this field traders can select from the most popular cryptocurrencies (XRP, DOGE, ETH, BTC, etc.) versus the main fiat currencies, the Major forex crosses and Minor pairs, Gold/Silver and the most popular indices. Let's choose, for our example, the GBP/USD.

Deposit currency: The profit calculator is ready for most deposit currencies, including accounts in cryptocurrencies and fiat currencies, from AUD to ZAR. We will choose the USD as the deposit currency.

Buy or sell: Pretty straight forward, just select the trade direction, either long or short. For our example, we want to simulate a long trade, therefore we choose the buy direction.

Lots (trade size): One standard lot in forex is 100,000 currency units, but units per 1 lot vary for the non-forex pairs. In this field there’s also an option to calculate the profit value based on the units traded (just click the cog wheel and switch to units). Let's choose, for our example, a trade size of 1 lot.

Open price: In this field, we input the opening price of our trade, for our example 1.3986.

Close price: In this field, we type in the closing price of our position, for example, 1.4057.

And now, to find out how much profit this trade would yield, we hit the "Calculate" button.

The results: The calculator will display the results in the selected deposit currency, and also the profit (or loss) in the total amount of pips gained (or lost).

In our example, opening a long trade of 1 lot GBP/USD at 1.3986 with a closing price of 1.4057 will result in a profit of US\$ 710,00, with a total of 71 pips of profit.

TIP The Forex Profit Calculator can also be used to calculate how much money, and pips, a losing position will impact on the account equity, after selecting the trade direction and open price, by typing in the "Close price" field the stop loss level price. With so many cryptocurrencies to choose from, and infinite market possibilities, sometimes traders need to quickly calculate the trading profits for a specific cryptocurrency versus a fiat currency.

Take for example the DOGE coin, versus the USD. With such low price, and so much hype on social media about this meme coin, it might present a great investment possibility. But you might be wondering, “how much profit can I make with 10,000 DOGE coins?”.

Let’s assume DOGE vs USD, currently bouncing up from the support level of 0.25 and trading at 0.27, is on a bull leg. A trader is considering buying US\$ 500 worth of DOGE coins, at 0.27, for a total of 1,852 DOGE.

Resistance for the DOGEUSD was identified at 0.34700. So, how much profit would an 1,852 DOGE trade could yield with these variables? We just need to plug this data to the crypto trading profit calculator to get an accurate result (excluding exchange fees).

And the result will be US\$ 142,60 profit.

Our crypto trading profit calculator works with the most popular cryptocurrencies; Ripple, Cardano, Bitcoin, Litecoin, Cosmos, Ethereum, etc., versus the main fiat currencies, representing a simple, yet valid option to accurately calculate profits when trading cryptocurrencies.