How do I calculate pips gained or lost?

Pips = (Exit Price − Entry Price) ÷ Pip Size for long trades (flip the sign for short). For most forex pairs, pip size = 0.0001. For JPY pairs, pip size = 0.01. For example: bought EUR/USD at 1.1000, sold at 1.1050. Pips = (1.1050 − 1.1000) ÷ 0.0001 = 50 pips.

Does lot size affect profit and loss?

Yes, directly. A standard lot (1.00) produces $10 per pip on EUR/USD. A mini lot (0.10) produces $1 per pip. A micro lot (0.01) produces $0.10 per pip. Doubling your lot size doubles both potential profit and potential loss.

What is the difference between realised and unrealised P&L?

Realised P&L is profit or loss from a closed trade — it has been booked into your account balance. Unrealised P&L (also called floating P&L) is the profit or loss on a trade that is still open. It changes as price moves and is only locked in when you close the position.

Free Tool

Profit/Loss Calculator

Calculate your exact P&L in pips and dollars for any trade. Enter your entry price, exit price, and lot size — results update instantly.

Input

Account Currency

Currency Pair / Instrument

Direction

Entry Price

Exit Price

Lot Size 1.00 Standard

0.01 Micro 10.00 Lots

Or enter exact lot size

Account Balance (optional, for % return)

Result

Profit

+$500.00

+50 pips

Pips

+50.0

Pip Value

$10.00 / pip

Return

—

Lot Type

Standard

How Forex P&L is Calculated

Your profit or loss on a trade comes down to three things: how far the price moved, how large your position was, and the direction you traded.

Long Trade

P&L = (Exit Price − Entry Price) ÷ Pip Size × Pip Value × Lots

Short Trade

P&L = (Entry Price − Exit Price) ÷ Pip Size × Pip Value × Lots

For EUR/USD with a standard lot, each pip = $10. A 50-pip long trade starting at 1.1000 and closing at 1.1050 returns: (1.1050 − 1.1000) ÷ 0.0001 × $10 × 1 = $500.

Long vs Short: P&L Direction

Long

You profit when price rises

You buy first and sell later. If the exit price is above your entry, the trade is profitable. If the exit is below, you took a loss.

Short

You profit when price falls

You sell first and buy back later. If the exit price is below your entry, the trade is profitable. If price moved up, you took a loss.

Common Questions

Why does my broker show a different P&L?

Brokers use live exchange rates to convert P&L to your account currency, and they subtract spread, commission, and swap fees. This calculator uses approximate static pip values and does not account for costs. Add your costs manually for a precise after-fee figure.

How does lot size affect my P&L?

Lot size scales your P&L linearly. On EUR/USD, a 1-lot position earns $10 per pip. A 0.10 lot earns $1 per pip. A 2-lot position earns $20 per pip. All other things being equal, doubling your lot size doubles both your profit potential and your loss exposure.

What is the difference between pips and dollars?

Pips measure how far price moved — they are the same regardless of your lot size or account currency. Dollars (or your account currency equivalent) show the monetary value of that move given your position size. A 50-pip move means nothing without knowing the pip value.

How do I calculate return on a trade?

Return % = (P&L ÷ Account Balance) × 100. Enter your account balance in the optional field above and the calculator will show your return percentage. This helps you measure performance relative to your capital rather than just absolute dollar amounts.

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