How to use this calculator
- Choose Profit & loss, Pip value, Position size or Risk amount.
- Enter the pair, account currency and the inputs for that task.
- If the quote and account currencies differ, enter a conversion bid and ask. Review the breakdown before using the estimate.
What can this forex calculator calculate?
Each tab answers a different question. Use them in sequence when planning a trade: choose a cash-risk budget, work out a size, understand the pip value, then explore an exit-price scenario.
| Tab | Main question | Key inputs |
|---|---|---|
| Profit & loss | What would these fills gain or lose? | Entry, exit, direction and lots |
| Pip value | What is one pip worth for this position? | Pair, lots and conversion quote |
| Position size | How many lots fit this risk budget? | Balance, risk and stop distance |
| Risk amount | What cash amount does this percentage represent? | Balance and risk percentage |
Pips, pipettes and lots without the guesswork
For the supported non-JPY pairs, one pip is a 0.0001 price move. For JPY-quoted pairs, one pip is 0.01. A pipette is one tenth of a pip. Extra digits on the trading screen do not make every last digit a full pip.
With a 100,000-unit contract, one EUR/USD lot has a USD 10 pip value before any account-currency conversion. One USD/JPY lot has a JPY 1,000 pip value. Those amounts are not interchangeable.
For more examples of the convention, see IG’s definition of a pip.
For a focused order-sizing workflow, use the forex position size calculator. Its result rounds down to your chosen lot increment.
How account-currency conversion works
A forex pair is quoted as quote-currency units per one base-currency unit. The trade’s initial P&L therefore belongs to the quote currency. If your account uses a different currency, a separate conversion is required.
The calculator accepts either orientation of the conversion pair. It uses the proceeds side of the bid/ask for a gain and the cost side when covering a loss. That can produce different favourable and adverse pip values.
No live, delayed or indicative market feed is connected. The initial EUR/USD trade prices are illustrative; conversion quotes must be entered by you. Use quotes relevant to the time you want to estimate, and confirm the broker’s conversion charges separately.
What the estimate leaves out
These tools model ordinary forex contracts. Metals, stock indices, options, futures and inverse contracts can use different tick values and profit rules. Do not substitute their symbols or assume the same contract size.
A stop-loss distance does not guarantee a final loss. Compare the broker’s contract and order terms, and read the CFTC’s forex risk guidance before committing funds.
To compare research on account terms, explore the broker directory. Trading costs and permissions depend on the actual legal entity and account.
Frequently asked questions
Is this forex calculator free?
Yes. All four tabs are free and require no account. Calculations run in your browser using your inputs; there is no connected market-price feed.
Is every pip worth USD 10?
No. USD 10 applies to one standard 100,000-unit lot of a USD-quoted forex pair before account conversion. JPY pairs, other sizes and other account currencies differ.
Does leverage change the calculated profit?
Leverage changes the margin needed for a position, not its P&L for a given size and price move. Margin, liquidation and financing rules need separate checks.