What the trade actually pays — or costs — before you click. Entry, exit, position size, and out the other end: pips moved, dollars at stake, real outcome.
Enter entry, exit, and position size — see pips moved and dollar P&L instantly.
Same formula for long and short — only the sign of the price difference flips.
Formula
P&L (quote ccy) = (Exit − Entry) × Position Size in units
EUR/USD long, 1.0850 → 1.0920, 1 lot (100,000 units)
(1.0920 − 1.0850) × 100,000 = +$700
Equivalent: 70 pips × $10/pip per standard lot = $700.
The moment you open the trade, you're already behind by the spread. A "50-pip target" with a 2-pip spread is really 52 pips of movement. Use the actual fill — not the quote — when planning realistic outcomes.
| Side | Pair | Entry | Exit | Size | Pips | P&L |
|---|---|---|---|---|---|---|
| Long | EUR/USD | 1.0850 | 1.0920 | 1.0 lot (100k) | +70 pips | +$700 |
| Short | GBP/USD | 1.2700 | 1.2745 | 0.5 lot (50k) | −45 pips | −$225 |
| Long | USD/JPY | 150.20 | 151.00 | 0.10 lot (10k) |
Forex profit (in the quote currency) = (Exit Price − Entry Price) × Position Size in units. For a long position, you profit when exit > entry. For a short position, you profit when exit < entry — flip the sign. To express the result in your account currency, multiply by the relevant FX cross-rate when the quote currency isn't already your account currency. Always factor spread and any commissions into the actual entry price.
Pips measure price movement (e.g., 50 pips). Dollars are the monetary value of that movement at your position size. 50 pips on 1 mini lot of EUR/USD ≈ $50. Pips abstract the price; dollars tell you what you actually win or lose.
Yes. The moment you open a trade you're behind by the spread. Add the spread to your entry to model the real fill — typically 1–3 pips on major pairs, more during news.
| +80 pips |
| +$53 |
What each pip is worth — the input that turns price moves into dollar P&L.