Free Forex Calculators
Professional trading tools for calculating position sizes, pip values, profit/loss, and managing risk. Used by thousands of forex traders to make better trading decisions.
Trading Calculators
All Trading Calculators
Position Size Calculator
Calculate the optimal lot size based on your account balance, risk percentage, and stop loss.
Pip Value Calculator
Find out how much each pip is worth for any currency pair and lot size.
Profit/Loss Calculator
Calculate your potential profit or loss based on entry price, exit price, and position size.
Leverage & Margin Calculator
Calculate required margin and understand your leverage exposure.
Risk-Reward Calculator
Determine your risk-reward ratio and evaluate trade setup quality.
Swap Calculator
Calculate rollover fees for holding positions overnight.
How to Use Forex Calculators Effectively
Forex calculators are essential tools for proper risk management and trade planning. Whether you're a beginner or experienced trader, these calculators help you make precise decisions and avoid costly mistakes that can destroy your trading account.
Essential Calculator Workflow
Before entering any trade, professional traders follow this calculator-based workflow to ensure proper risk management:
- 1Calculate Position SizeDetermine how many lots to trade based on your account balance, risk percentage (typically 1-2%), and stop loss distance.
- 2Verify Pip ValueUse the pip value calculator to understand exactly how much each pip movement will cost or earn you.
- 3Check Risk-Reward RatioEnsure your potential reward is at least 2x your risk (1:2 ratio minimum) to maintain positive expectancy.
- 4Verify Margin RequirementsCheck that you have sufficient free margin and aren't over-leveraging your account.
When to Use Each Calculator
Position Size Calculator
Use this before EVERY trade to determine your lot size. Input your account balance, risk percentage, and stop loss to get the exact position size.
Pip Value Calculator
Use when trading new currency pairs or switching lot sizes to understand what each pip is worth in your account currency.
Profit/Loss Calculator
Use to calculate potential profit before entering a trade or to analyze closed trades for journal entries.
Leverage & Margin Calculator
Use when planning multiple positions or trading with higher leverage to avoid margin calls.
Calculator Modes: Trade Planner vs Quick Calcs
Our calculators offer two modes to suit different trading scenarios:
Trade Planner
The main planner for creating a complete trade setup before entering a position.
- Account Balance: Your total trading account equity.
- Risk (%): The percentage of your balance you're willing to risk on this single trade.
- Entry / SL / TP Prices: Your planned entry, stop loss, and take profit levels. The calculator determines trade direction and risk-to-reward ratio automatically.
The output gives you the precise Position Size (in lots for Forex, units for CFDs) to ensure your risk doesn't exceed your defined percentage.
Quick Calcs
For fast calculations on the fly when you need quick answers.
- Position Size: Calculate size based on risk and stop-loss distance in pips, without needing exact entry/exit prices.
- P/L: Calculate potential profit or loss by entering trade size and either entry/exit prices or pip value.
- Pip/Point Value: Shows the monetary value of a single pip/point move for a specific trade size.
How Calculations Work: Forex vs CFDs
For Forex Pairs (e.g., EUR/USD)
- • Calculations are pip-based. The value of a pip depends on the currency pair and your trade size.
- • For non-USD quote pairs (like EUR/JPY), the calculator automatically uses a live conversion rate to provide the final value in USD.
- • Results are shown in standard lots (1 lot = 100,000 units).
For CFDs (e.g., XAUUSD, NAS100)
- • Results are shown in Units. For commodities like Gold and Silver, units represent ounces.
- • Important: You need to convert the calculator's "Units" to your broker's "Lots" before entering the trade.
CFD Conversion Examples: Units to Lots
When trading CFDs like Gold or Silver, you must convert the calculator's unit output to your broker's lot format:
Gold (XAUUSD) Example
Trade Setup:
- • Entry: 2,400 | Stop Loss: 2,390
- • Balance: $10,000 | Risk: 1%
Calculator Shows:
- • Position Size: 10.000 Units
Conversion:
- • 10 Units = 10 ounces of gold
- • Broker contract: 100 oz per lot
- • 10 ÷ 100 = 0.10 lots
Silver (XAGUSD) Example
Trade Setup:
- • Entry: 30.50 | Stop Loss: 30.00
- • Balance: $10,000 | Risk: 1.5%
Calculator Shows:
- • Position Size: 300.000 Units
Conversion:
- • 300 Units = 300 ounces of silver
- • Broker contract: 5,000 oz per lot
- • 300 ÷ 5,000 = 0.06 lots
Quick Reference: Units to Lots Formula
Formula: Calculator Units ÷ Contract Size = Broker Lots
- • Gold: Units ÷ 100 = Lots (e.g., 950 ÷ 100 = 9.5 lots)
- • Silver: Units ÷ 5,000 = Lots (e.g., 300 ÷ 5,000 = 0.06 lots)
Tip: Check your broker's contract size in MT4/MT5: Market Watch → Right-click symbol → Specification → Contract Size
Common Calculation Mistakes to Avoid
Even experienced traders make these calculator mistakes that lead to unexpected losses:
- ✗Using the wrong pip value for JPY pairs - JPY pairs use 0.01 as a pip, not 0.0001 like most pairs.
- ✗Forgetting to account for spread - Your actual entry may be worse than the quoted price due to spread.
- ✗Not adjusting for account currency - Pip values differ when your account currency doesn't match the pair's quote currency.
- ✗Calculating position size on outdated balance - Always use your current account balance, not your starting balance.
- ✗Ignoring broker lot size restrictions - Check your broker's minimum and maximum lot sizes before calculating.
Pro Tip: Save Your Common Setups
If you trade the same currency pairs frequently, bookmark specific calculator pages with your preferred settings. Most browsers will save your inputs, making your pre-trade workflow faster.
Integrating Calculators into Your Trading Plan
The most successful traders make calculator use a mandatory step in their trading checklist. Here's how to integrate them:
Pre-Trade Checklist
- Identify trade setup (technical/fundamental analysis)
- Determine entry price and stop loss level
- Calculate position size based on 1-2% risk
- Verify pip value matches expectations
- Check risk-reward ratio (minimum 1:2)
- Confirm margin availability
- Execute trade with calculated lot size
By making calculators a mandatory part of your trading process, you eliminate emotion-driven position sizing and reduce the risk of catastrophic losses. Want to learn more about risk management? Check out our Risk Management course module for comprehensive strategies on protecting your capital.
Frequently Asked Questions
Are these forex calculators accurate?
Yes, our calculators use standard forex formulas and real-time market data to provide accurate results. All calculations follow industry-standard formulas used by professional traders and brokers. However, always verify with your broker's specifications as contract sizes and pip values can vary slightly between brokers.
Do I need an account to use these calculators?
No, all our forex calculators are completely free and available without creating an account. Simply visit any calculator page and start using it immediately. Your settings are saved in your browser for convenience.
Can I use these calculators for gold, indices, and other CFDs?
Yes, our calculators support forex pairs, precious metals (gold, silver), indices (US30, NAS100, etc.), and other CFDs. Select your instrument from the dropdown menu. The calculator automatically adjusts pip values and contract sizes based on the instrument you select.
What is the most important forex calculator for beginners?
The Position Size Calculator is the most critical tool for beginners. It helps you calculate the exact lot size to trade based on your account balance and risk tolerance. Using this calculator before every trade prevents over-leveraging and is the single most important factor in avoiding account blow-ups. We recommend risking no more than 1% of your account per trade when starting out.
How do I know which lot size to enter in my trading platform?
After using the Position Size Calculator, you'll get a result in standard lots (e.g., 0.15 lots). In MetaTrader 4/5, enter this number in the "Volume" field when placing an order. For example, 0.01 = 1 micro lot (1,000 units), 0.10 = 1 mini lot (10,000 units), and 1.00 = 1 standard lot (100,000 units).
Why do pip values differ between currency pairs?
Pip values vary because they depend on the quote currency (the second currency in the pair) and the current exchange rate. For example, 1 pip in EUR/USD is worth $10 per standard lot, while 1 pip in GBP/JPY is worth about ¥1,000 per standard lot. Our Pip Value Calculator automatically handles these differences for you.
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