Fast, Simple & Accurate Online Calculators
Forex Calculator UK
Forex Calculator UK
Calculate Forex Trade
Pip & Profit
The currency pair you are trading.
1 standard lot = 100,000 units of base currency.
Price you entered the trade.
Price you exited the trade.
Are you buying or selling?
Pip Value: The value of one pip in your account currency.
Example 1.2000 to 1.2100, 1 lot, EUR/USD → 100 pips = $1,000 profit
Forex Trade Summary
Enter your forex trade details, then click Calculate Forex Trade.
What Is a Forex Calculator?
A forex calculator helps you calculate pip values, trade profits and losses in the foreign exchange market. This forex calculator UK is essential for UK forex traders managing their trades.
How to Use the Forex Calculator
Select your currency pair, lot size, enter entry price, exit price and trade direction. Click Calculate Forex Trade to see your pip value and profit/loss.
How Forex Trade Profit Is Calculated
Pip Value = (0.0001 / Exchange Rate) × Lot Size × 100,000
Profit/Loss = Pip Difference × Pip Value × Lot Size
Profit/Loss = Pip Difference × Pip Value × Lot Size
Forex Trade Example
Example: EUR/USD, 1 standard lot, buy at 1.2000, sell at 1.2100
- Pip difference: 1.2100 - 1.2000 = 100 pips
- Pip value: (0.0001 / 1.2100) × 100,000 = $8.26
- Profit: 100 × $8.26 = $826
- Profit: ~£650 (depending on GBP/USD rate)
Understanding Pip Values
- Pip: Smallest price movement in forex (0.0001 for most pairs)
- Pipette: Fractional pip (0.00001 for most pairs)
- Standard Lot: 100,000 units of base currency
- Mini Lot: 10,000 units (0.1 lots)
- Micro Lot: 1,000 units (0.01 lots)
Forex Pip Values by Currency Pair
- EUR/USD: Pip value ~$10 (standard lot)
- GBP/USD: Pip value ~$10 (standard lot)
- USD/JPY: Pip value ~$8.50 (standard lot)
- GBP/JPY: Pip value ~$8.50 (standard lot)
- EUR/GBP: Pip value ~£8.50 (standard lot)
Position Sizing in Forex
- 1 Standard Lot: 100,000 units = $10/pip
- 0.1 Mini Lot: 10,000 units = $1/pip
- 0.01 Micro Lot: 1,000 units = $0.10/pip
Risk Management in Forex
- Risk Per Trade: Recommended 1-2% of account balance
- Stop Loss: Predetermined exit level to limit losses
- Take Profit: Predetermined exit level to secure profits
- Risk-Reward Ratio: Aim for at least 1:2
Common Forex Calculation Mistakes
- Forgetting pip value — pip value varies by currency pair
- Wrong lot size — ensure correct lot size
- Not including spreads — spread affects entry/exit price
- Ignoring commission — brokers charge commission
- Not converting to GBP — UK traders need GBP equivalent
Important: This calculator provides estimates only. Forex trading involves significant risk. Always use proper risk management and seek professional advice.
Important Assumptions and Limitations
- Does not account for spreads or commissions
- Does not account for currency conversion to GBP
- Assumes standard pip values
- Results are estimates, not guaranteed
Frequently Asked Questions
What is a forex calculator?
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How is forex profit calculated?
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What is a pip?
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What is lot size in forex?
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Do I pay tax on forex profits in the UK?
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What is the FCA?
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Are the results exact?
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