What is a profit calculator?

A profit calculator quickly tells you how much money a trade would make or lose in pips and in your account currency so you can plan position size, risk, and expected returns before you trade.

How to use the profit calculator — step‑by‑step

1. Select the instrument (currency pair, stock, CFD, crypto, etc.).
2. Select deposit currency (the currency your trading account uses).
3. Enter trade size lots (e.g., 0.01 / 0.1 / 1.0) or units/shares.
4. Enter entry price (price where you open the trade).
5. Enter exit price (target price / current price / price where you close).
6. Choose direction: Buy / Long or Sell / Short.
7. Click Calculate; results usually show profit in pips and profit/loss in account currency.

It generates following results:

• Profit (pips): how many pips the price moved in your favor.
• Profit (account currency): actual money added or subtracted to your account.

>> If you want to learn more about pips in forex. Check out BabyPips blog on pips. <<