What it is
The profit and loss calculator computes the monetary return and percentage account change for a given forex or CFD trade based on lot size, pips gained or lost, pip value, and your account balance.
Why it matters
Translating pip movements into exact dollar values and account percentages helps you measure performance objectively without mental math errors.
Why traders use it
Used both for pre-trade planning and post-trade journal analysis to record exact outcomes.
How important is it?
Helps maintain clear visibility of how individual trade results scale against total equity.
Worked example
With defaults: 0.1 lots, 30 pips gained, $10 pip value per standard lot, and $1000 balance. Profit = 0.1 * 30 * 10 = $30. Account change = (30 / 1000) * 100 = 3%.
Common mistakes
- Entering negative pips incorrectly when calculating losses.
- Using the wrong pip value for non-USD quote pairs.
Frequently asked questions
How much profit is 50 pips on a 0.01 micro lot or 0.10 mini lot?
On standard USD pairs ($10/pip per standard lot), 50 pips on a 0.01 micro lot is $5.00, and 50 pips on a 0.10 mini lot is $50.00.
Can I calculate trade losses with this tool?
Yes, simply enter a negative number in the pips field (for example, -25) to see the dollar loss and percentage drawdown on your balance.
Does leverage change my profit per pip?
No. Leverage only changes the margin required to open the trade; your profit or loss per pip depends strictly on your lot size and pip value.
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This page is for education only and is not financial advice. See our disclaimer.