Work out the profit or loss on a trade — before or after you take it. Enter your instrument, direction, lot size, entry and exit, and get the exact result in your account currency, plus the pips moved.
The profit or loss on a trade comes down to three things: how far price moved, how much each unit of movement is worth, and which way you were positioned.
P/L = (exit − entry) ÷ pip size × pip value per lot × lots — and the sign flips if you were short. A long trade profits when the exit is above the entry; a short profits when the exit is below it. This tool fills in the pip size and pip value automatically for each instrument, so you only need the four inputs.
The most useful way to use a P/L calculator is before you click buy. Plug in your planned entry and your target to see the potential reward, then plug in your stop to see the potential loss. If the reward doesn't comfortably outweigh the risk, it's often a setup worth skipping. Pair it with the lot size calculator to size the position correctly first.