Forex Calculator
Calculate pip value, position size, and potential profit/loss for forex trades with ease.
Published by:
isCalculator Editorial Team
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How to use this tool?
This Forex Calculator helps you estimate potential profit/loss, margin requirements, and risk for a forex trade. Follow these steps:
- Select Account Currency – Choose the currency your trading account is denominated in (e.g., USD, EUR).
- Select Currency Pair – Pick the pair you are trading (e.g., EUR/USD). The calculator uses the pair to determine pip size (0.0001 for most pairs, 0.01 for JPY pairs).
- Choose Trade Type – Buy (Long) if you expect the price to rise, or Sell (Short) if you expect it to fall.
- Enter Position Size – Input the number of lots. 1 standard lot = 100,000 units. Use decimals for mini lots (e.g., 0.10).
- Enter Entry and Exit Prices – Provide the price at which you enter and exit the trade. Use the same decimal format as the pair (e.g., 1.1050 for EUR/USD).
- Set Stop Loss and Take Profit (in pips) – Enter the number of pips for your stop loss and take profit levels. For example, 50 pips.
- Select Leverage – Choose your account leverage (e.g., 1:50). This affects margin calculation.
- Enter Account Balance – Input your total account balance in your account currency (e.g., 10000).
- Click "Calculate" – The results will appear below, showing:
- Pip Value – How much each pip is worth in your account currency.
- Profit/Loss – Estimated gain or loss based on entry/exit prices.
- Stop Loss Value – Maximum loss if stop loss is hit.
- Take Profit Value – Potential profit if take profit is hit.
- Required Margin – The amount needed to open the trade.
- Risk Percentage – The percentage of your account at risk if stop loss is triggered.
Note: All values are estimates. For pairs where the account currency differs from the quote or base currency, a simplified conversion is used. Always verify with your broker.
Previous Results
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Frequently Asked Questions
A pip is the smallest price move in a currency pair. For most pairs, 1 pip = 0.0001, except for JPY pairs where 1 pip = 0.01.
Pip value depends on the lot size and the currency pair. For a standard lot (100,000 units), pip value = pip size × 100,000, then converted to your account currency.
Required margin is the amount of money needed to open a leveraged position. It is calculated as (position size × contract size × entry price) / leverage.
Enter your account currency, currency pair, trade type, position size, entry/exit prices, stop loss, take profit, leverage, and account balance. Click Calculate to see results.
