How do I calculate forex profit?

Profit (in the quote currency) = (exit − entry) × contract size × lots for a long trade. For a short trade, reverse entry and exit.

How do I convert pips to profit?

Multiply pips × pip value. Pip value = pip size × contract size × lots. For 1 lot EURUSD at 50 pips = 50 × $10 = $500.

No — this shows gross P/L. Subtract the spread paid on entry and any overnight swap fees for your net result.

Turn a planned trade into pips and money before you click buy. Works for forex, gold and crypto.

Instrument

Direction

Entry priceExit priceLot size (standard lots)

Pips

50.0

P/L (USD)

+500.00 USD