Calculate your potential profit or loss from forex trades instantly. Our Forex Calculator helps you determine pip value, position size, margin requirements, and risk/reward ratio for any currency pair.
A pip (Percentage in Point) is the smallest price movement in a currency pair. For most pairs, 1 pip = 0.0001. For JPY pairs, 1 pip = 0.01.
Standard Lot = 100,000 units
Mini Lot = 10,000 units
Micro Lot = 1,000 units
Leverage allows you to control a large position with a small amount of capital. 1:100 leverage means $1,000 can control $100,000.
Margin is the amount of money required in your account to open a position. It's like a security deposit held by your broker.
| Currency Pair | Standard Lot | Mini Lot | Micro Lot |
|---|---|---|---|
| EUR/USD | $10.00 | $1.00 | $0.10 |
| GBP/USD | $10.00 | $1.00 | $0.10 |
| USD/JPY | ~$9.00 | ~$0.90 | ~$0.09 |
| USD/CHF | ~$10.50 | ~$1.05 | ~$0.105 |
| AUD/USD | $10.00 | $1.00 | $0.10 |
* Values are approximate and vary with exchange rates
Professional traders typically risk only 1-2% of their account on any single trade. This ensures you can survive losing streaks.
A stop loss order automatically closes your position at a predetermined price to limit your losses.
Aim for at least 1:2 risk/reward ratio. If you risk 50 pips, target at least 100 pips profit.
Higher leverage means higher risk. Beginners should use lower leverage (1:10 or 1:20) until experienced.
Profit = (Exit Price - Entry Price) × Position Size × Pip Value. For a sell position, swap entry and exit prices. Our calculator handles this automatically.
The bid is the price at which you can sell, and the ask is the price at which you can buy. The difference is called the spread.
With micro lots and leverage, you can start with as little as $100-500. However, $1,000-5,000 is recommended for proper risk management.
A minimum of 1:1.5 or 1:2 is recommended. This means for every dollar risked, you aim to make $1.50-$2.00 in profit.