Profit & Loss Calculator Guide

Use our profit and Loss calculator today, and know how worth your trade is. Our profit & Loss calculator is a valuable tool for traders to estimate the profit or loss of your trade. Our calculator works with several inputs, like entry and exit prices, currency pairs, and trade size.

We help the traders, to make informed decisions and manage risks, by giving them access to this calculator. Traders are recommended to use our calculator and estimate the potential profit or loss before executing the final trade. Let us guide you on how to use our P & L calculator.

How to Use Our Profit & Loss Calculator

How to calculate profit and loss? Using Our Profit & Loss calculator is so easy. It will streamline your trading experience and improve your decision-making. Follow the given steps to use our calculator properly.

Select Currency Pair

First, you should select a currency pair on our calculator. You should choose the currency through which you are trading. There are two currencies displayed on the calculator. The performance of these currencies against each other will evaluate the potential profit or loss.

Determine account currency

Now, you must select account currency. This is the currency with which your trading account is denominated. You must select account currency on our P & L calculator so it will convert profit or loss from currency pair to account currency.

Enter trade size

Now, you have to enter trade size. You should input the size of trade in lots. Usually, the forex trades are conducted in standard lots, which equals 100,000 units.

Enter open price

Now, you have to enter the open price with which you want to enter the trade. It could be a currency market price or the price you want to set for a future entry.

Enter close price

Now, set the close price on our calculator on which you want to exit a trade. It is determined by taking profit or stop loss levels.

Select Buy Or Sell

Now select buy or sell.

Calculate your result

Once you fill in all the above fields, you should tap on the “ calculate” button. Our profit and Loss calculator will give you calculations of profit or loss and show them in the results section.

Review the results

So, you have to review the results under the ” Result” option. The profit/ loss shows you the amount you will gain or lose in your account currency. The profit/ loss in pips will show you the movement required in currency pair for trade to break even or know the profit/ loss you calculate

Adjust scenarios as required

After the profit/ loss results appear on your screen, you can adjust the input fields or re-calculate to see how different amounts will affect your profit or loss. It is suggested that traders change the inputs and know the right values and account currency on which their trade will be profitable. This strategy helps them to learn about market changes and their impact on trade.

Introduction to Profit & Loss Calculators

Our Forex Profit & Loss Calculators are a valuable tool for traders. It helps you calculate profit/loss from tos in Excel. Our calculator factors in trader entry and exit price, the number of units, currency pair, the cost of rollover and spread, and available commissions.

Our calculator will help you to calculate profit and loss of trade accurately. It also helps you to manage trade risks. Forex P & L calculator is also helpful for you to compare profits across several currency pairs or check the performance of a single currency pair with time.

Key Inputs for the Profit & Loss Calculator

How to calculate profit loss win-loss percentage? You must enter the following inputs accurately on our Profit & Loss Calculators and get precise results.

Currency Pair

A currency pair is a pair in which trade is executed ( EUR/USD). It determines the quote and base currencies involved in the trade.

Account Currency

The account currency is the currency in which your trading account is denominated ( eg USD, EUR, etc). It affects the conversion of profit or loss in your account currency.

Opening Price

The opening price is the price at which you enter a trade. It is the starting point for calculating profit or loss.

Closing Price

The closing price is the price at which you exit the trade. It is an endpoint to calculate profit or loss.

Trade Size

Trade size is the volume of trade, that is measured in lots ( eg 1 lot is equal to 100,000 units). Small trade sizes such as mini lots ( 0.1 lot) and micro lots ( 0.01 lot) are also acceptable.

The Calculation Process

The basic formula used by our Profit & Loss Calculators is

Profit/Loss = (Closing Price – Opening Price) x Trade Size

For example, you opened a Long EUR/USD position of 1000 volume for 1 day on 15 March and closed your position on 16 March. You choose USD account currency, where your open price is 1.05516 and close price is 1.05716

Based on the information you filled in on our P & L calculator, here are profit & loss will calculated as  (Exit Price – Entry Price) + All fees & charges

Understanding Trade Size in Forex Trading

While using our Profit & Loss calculator, you have to input trade size accurately. For this, you must understand the role of trade size in forex trading. The trade size affects profit or loss in trading. The large trade size can increase gains but also increase the risk of losses.

Smaller trade sizes give risk exposure to traders and make it suitable for cautious traders or those with low capital. So, traders must select appropriate trade sizes on our calculator that align with their financial goals and risk tolerance levels.

Standard Lot Size

The standard trade size is a lot in forex trading. One standard lot is equal to 100,000 units of base currency. It is a volume used by professional institutes and traders.

Different Trade sizes

Mini Lots

The traders who trade with small capital or want to reduce risk must choose mini lots. A mini lot represents 0.1 standard lot, which is equal to 10,000 units of base currency. It gives them lower risk exposure and flexibility.

Micro Lots

Micro Lots are suitable for beginners who want to take less risk. One micro lot is equal to 0.01 of the standard lot of 1000 units of base currency. The trade size is helpful for traders to test their strategies without taking more risk.

Significance of Entry and Exit Prices

Here are the importance of entry  and exit prices for trading

Entry Price

The entry price evaluates the starting point for profit & Loss calculation. It is the price at which traders must enter a trade. It sets a baseline to measure financial outcomes.

Exit Price

The exit price is the closing price on which the trade position is liquidated. This price shows the endpoint of trade and is important to calculate the final profit or loss.

Price Movement Impact

Small price changes have had effects on highly leveraged trade. The minor fluctuations in trade will cause variations in profit or loss. It marks the importance of entry and exit prices in trading.

So, when you are using our profit & loss calculator, you have to input amounts accurately to get reliable results.

Error Handling and Troubleshooting

Here we tell you common errors trade make while inputting on our P & L calculator. We also tell you the error message shown on your screen, with its solutions, prevention tips, and guide to address persistent issues.

Common Input errors

Incorrect Currency Pair or Account Currency

You have to select the account currency and currency pair accurately. If you input an incorrect currency or currency pair, then it gives you incorrect and misleading results.

Price Entry Errors

If there are some errors in entry and exit prices, then it miscalculate the results. So, traders must check the opening and closing prices properly to get accurate results.

Trade Size errors

How to calculate loss profit? It is suggested that traders input trade size properly on our P & L calculator. Trade size must match with standard lot size to prevent errors. For example, 1 lot is equal to 100,000 units, 1 lot is equal to 10,000 units ( mini Lot), and 0.01 lot is equal to 1,000 units ( micro lot). If you enter non-standard trade size on our calculator, then it causes errors.

Error Messages and Solutions

“Invalid Input”

If you see the “Invalid Input” error, it means you do not fill the fields correctly or consist of non-numeric values. To solve this problem, you have to double-check fields and ensure they will be filled with appropriate numbers. Ensure to fill numerical trade size and prices.

“Price Out of Range”

Another error message is ” price out of range” shown on your screen. This message shows that the entered price is high or low. You have to confirm opening and closing prices are valid and in a certain range. If the price is off, then you have to cross-check it against market data and ensure accuracy.

“Trade Size Not Supported”

This error indicates that the entered trade sizes do not match standard lot sizes. You should know the trade size, such as 1 lot, 0.1 lot, 0.01 lot, to get compatibility.

Error Prevention Tips

Use Dropdown Selections

If possible, you must use the dropdown menu to select inputs, such as currency pairs. It avoids errors and gives you valid options only to choose from. Dropdown selections reduce the risk of input errors.

Confirm Price Values

You have to confirm price values to get accurate calculations. You must ensure that the prices entered are correct. Cross-check check price before clicking on the results button and ensure the accuracy of the profit/ loss calculation.

Double-Check Trade Size

Ensure that trade size in lot increments is essential. You have to verify that trade sizes align with standard lot sizes and ensure accurate calculations. It maintains reliability and consistency in results.

Persistent Issues

Contact Us

If you face the same issues frequently, then you must reach out to our contact support system. Our team will address your problem and resolve it.

Browser Compatibility

You must use a compatible browser for the P & L calculator tool. Incompatibility leads to error or unexpected behavior. You should clear your browser cache to resolve issues. So, ensure that your browser is updated to the latest version.

Practical Applications of the Profit & Loss Calculator

Our P&L Calculator not only calculates profit and Losses but also manages the risk and enhances your trading strategies.

Risk Management

Our Profit & Loss calculator helps you to potential risks before executing the trade.

Strategic Planning

We provide the estimate of potential profit and loss to traders who use our P&L Calculator. It helps traders to understand potential profit & loss and align their trade with risk tolerance and financial goals.