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Forex Profit Calculator

Simulate profits and losses based on entry/exit prices and lot size

Calculate Profit/Loss
Enter your trade parameters

1 standard lot = 100,000 units

Calculate net profit after spread costs

Automatic P/L Tracking for Every Trade

Stop manually calculating profits and losses. Journal IQ automatically tracks every trade's P/L, calculates your win rate, and gives you actionable insights to improve your trading. Get your Decision IQ Score today.

How Forex P/L is Calculated

The profit or loss in forex trading is determined by the difference between your entry and exit prices, multiplied by your position size.

Formula:

P/L = (Exit Price - Entry Price) × Lot Size × Contract Size

Example:

Buy 0.5 lots EUR/USD at 1.0850, sell at 1.0900:
(1.0900 - 1.0850) × 0.5 × 100,000 = +$250 profit

Understanding Spread

The spread is the difference between the bid and ask price, and it represents the broker's fee for executing your trade.

Typical Spreads:

  • • Major pairs (EUR/USD, GBP/USD): 1-2 pips
  • • Minor pairs: 2-4 pips
  • • Exotic pairs: 5-20+ pips

Always factor in spread costs when calculating your potential profit. The spread reduces your net profit or increases your loss.

Lot Size Explained

Standard Lot Sizes:

  • • Standard Lot: 1.0 = 100,000 units
  • • Mini Lot: 0.1 = 10,000 units
  • • Micro Lot: 0.01 = 1,000 units

You can trade any decimal amount (e.g., 0.5 lots = 50,000 units). Smaller lot sizes reduce both potential profit and risk.