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. 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). Open price: In this field, we input the opening price of our trade, for our example 1.3986.Ĭlose price: In this field, we type in the closing price of our position, for example, 1.4057.Īnd now, to find out how much profit this trade would yield, we hit the "Calculate" button. 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. Lots (trade size): One standard lot in forex is 100,000 currency units, but units per 1 lot vary for the non-forex pairs. For our example, we want to simulate a long trade, therefore we choose the buy direction. We will choose the USD as the deposit currency.īuy or sell: Pretty straight forward, just select the trade direction, either long or short. Let's choose, for our example, the GBP/USD.ĭeposit currency: The profit calculator is ready for most deposit currencies, including accounts in cryptocurrencies and fiat currencies, from AUD to ZAR.
#Best stock profit calculator app how to#
Let's see how to use our profit calculator, field by field.Ĭurrency 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. 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. Simply input your data on our Forex Profit Calculator! How to Use this Profit Calculator 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. Open Price – Close Price x Trade Size = Profit The basic calculation involves multiplying the pip value (pip values vary per traded lot size) by the total amount of profit pips. For a short trade, the profit is the difference between the short-selling entry (higher level) and the closing price (lower level). For a long trade, the profit is the difference between the buy (lower level) and sell prices (higher level) of a currency pair. The forex profit is the difference between the entry and exit prices. But careful, risking too much of the account margin can easily blow up a trading account. The trade size, if it’s too small, or too big, will be related to the trade 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. 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. Use our precise forex and crypto profit calculator to help you determine, and calculate, how much you can earn from your trading positions. Stay updated with the price action of this pair with our Live Price Charts.
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