Forex Profit
Calculator
The Howtotrade Forex Profit Calculator is an essential tool for anyone serious about forex trading.
Instantly estimate your profit & loss, compare open/close prices and adjust position sizes.
Using The Forex Profit Calculator
When trading forex, it’s important to always know where you stand financially. With this forex calculator, the process is simple! Follow the five steps below and you’ll instantly know your profit and loss.
- Designate an account currency
- Choose a currency pair
- Enter the number of lots
- Determine trade direction
- Assign an open price
- Assign a close price
- Click Calculate Profit!
Optimize Performance With The Forex Profit Calculator
One of the greatest dangers to forex retail investor accounts is poor money management. With our Forex Profit Calculator, understanding current P&L is fast and easy. Enter your trade’s parameters and you will know your potential assets and liabilities before you trade.
Check our other trading tools for in-depth analysis
Harness our tools and analysis to make informed trading decisions.
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Lot Size Calculator
Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.
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Currency Strength Meter
This free interactive currency strength meter is going to show you which currency pairs are strong and weak, in real-time.
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Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.
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Monte Carlo Simulation
Monte Carlo Simulation is a computer simulation technique used to estimate the possible outcomes of your trades and estimate your trading strategies' viability.
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Forex Compounding Calculator
You can use our Forex Compound Calculator and simulate the profits you might earn on your Forex trading account.
Use calculator
Economic Calendar
Our economic calendar showcases relevant events to help you trade these markets too.
View calendar
Forex Heatmap
Our Forex heat map includes real-time data and can help you determine the strongest and the weakest currencies on the Forex market right at this moment.
Use it now
Value at Risk Calculator
Use our Value at Risk Calculator to estimate potential losses. This tool can help you make more informed investment decisions and ultimately help protect your hard-earned money.
Use calculator
Lot Size Calculator
Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.
Use calculator
Currency Strength Meter
This free interactive currency strength meter is going to show you which currency pairs are strong and weak, in real-time.
Use it now
Swap Calculator
Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.
Use calculator
Monte Carlo Simulation
Monte Carlo Simulation is a computer simulation technique used to estimate the possible outcomes of your trades and estimate your trading strategies' viability.
Use this toolFAQs
A trading calculator is an invaluable tool for the modern active trader.
Here are a few frequently asked questions about our Forex Profit Calculator.
What Is My Account Base Currency?
Your account’s base currency is the denomination of your funds per the deposit. For instance, if you are based in the UK and your deposit currency is British pounds, the account base currency would be GBP.
Do I Need A Forex Profit Calculator?
Yes. Forex trading can be a high-risk environment. Having the ability to quickly calculate your liabilities when trading complex instruments is a major advantage. Our Forex Profit Calculator vastly reduces your chance of losing money rapidly in the live market.In fact, most regulated forex brokers recommend that their clients use trading calculators. To ensure legitimacy, be sure that your broker is regulated by an official body such as the Financial Sector Conduct Authority (FSCA) or Financial Services Authority (FSA).
Will The Calculator Work For CFDs?
At this time, the Forex Profit Calculator does not support trading CFDs. Only major, minor, cross, and exotic foreign exchange pairs are offered.
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