How do you calculate profit in forex?

Count the pips gained, which is the price move divided by the pip size, then multiply by the pip value for your lot size. For a buy, pips gained is exit minus entry. For a sell it is entry minus exit. Subtract commission and any swap to get the net result.

How much is a pip worth in profit terms?

It depends on the pair and the lots. One standard lot of a pair quoted in dollars is worth $10 per pip, so a 50 pip gain on 1.00 lot is $500. Use the pip value calculator for other pairs and lot sizes.

What does Velotrade charge on a forex trade?

Commission is 0.004% of the notional value per side, so it applies once on entry and once on exit. Positions held through the 21:00 UTC rollover pay a swap of 0.05% of the notional per night, and 0.15% on Wednesday. The spread on your platform is separate. This calculator includes commission and swap.

Why is swap three times on Wednesday?

Following standard FX convention, the Wednesday rollover covers the weekend, so it is charged at three times the daily rate. No separate charge applies on Saturday or Sunday.

Are the prices in the calculator live?

No. The prices are examples so the calculator opens with a working trade. Replace them with the live entry and exit prices from your platform. For cross pairs, also enter the current value of the quote currency in dollars.

Is this forex profit calculator free?

Yes. It is free to use with no sign-up. Enter your trade and the result shows instantly.

Back to Tools

Free ToolUpdated October 5, 2026

Forex Profit Calculator

Work out what a forex trade makes or loses in dollars before you place it. Enter the pair, the lots and your entry and exit prices to see pips gained, gross profit, and the commission and overnight swap that come off it at Velotrade rates.

Currency pair

Velotrade leverage on EURUSD: 50x in the challenge, 30x when funded. 1 lot = 100,000 EUR.

Direction

Position size in lots

Entry price

Exit price

Prices are examples. Replace them with the live price from your platform.

Account balance

Nights held

Position is open through the Wednesday rollover (charged 3x)

Profit or loss after costs

$245.63

50 pips · 2.46% of the account

Gross, before costs

$250.00

Value of one pip

$5.00

Commission, both sides

-$4.37

0.004% of notional per side

Overnight swap

-$0.00

0.05% per night, 0.15% on Wednesday

Costs use the published Velotrade forex rates: commission of 0.004% of notional per side and a swap of 0.05% per night, three times on Wednesday. The spread your platform shows at the time is extra. Gross profit is the pip move times the pip value.

Trade forex on a $10K evaluation· $100

One-time fee · Static drawdown · No time limit

Next: Lot size calculatorThe forex lot size that risks exactly the amount you choose.Next: Pass calculatorYour odds of passing from win rate, reward to risk and risk per trade.

How to use this calculator

Describe the trade

Pick the pair and direction, then set the lot size and your entry and exit prices.

Add how long you hold

Set the nights held and tick the box if the position is open through the Wednesday rollover, which is charged three times.

Read profit after costs

You get pips, gross profit, commission on both sides, swap, and the net result as a share of your account.

What these numbers mean

Pips gained: The price move divided by the pip size. A buy gains when the price rises and a sell gains when it falls.

Gross profit: Pips gained times pip value, before any costs.

Commission: 0.004% of the notional value, charged on entry and again on exit.

Swap: A financing charge of 0.05% of the notional for each night a position is held through the 21:00 UTC rollover, and 0.15% on Wednesday.

Spread: The gap between the buy and sell price on your platform. It is not included here because it changes by pair and by moment.

Net profit: Gross profit minus commission and swap. This is the figure that reaches your account.

The forex profit formula, with examples

Profit = Pips gained × Pip value − Commission − Swap

Pips gained is the price move divided by the pip size, positive when the trade goes your way. Pip value is what one pip is worth for your lot size. Commission at Velotrade is 0.004% of the notional value per side, and swap is 0.05% of the notional per night, three times on Wednesday. The spread shown on your platform is on top of this.

EURUSD buy, 0.50 lots, 1.0900 to 1.0950

The move is 50 pips and one pip on 0.50 lots is $5, so gross profit is $250.
Commission is 0.004% of $54,500 on the way in and $54,750 on the way out, about $4.37 in total.
Closed the same day, net profit is about $245.63.

The same trade held overnight

The swap is 0.05% of the $54,500 notional per night, which is $27.25 for one night.
Held through a Wednesday rollover the charge is three times that, $81.75.
A 50 pip winner still nets about $218 after one night, which is why holding costs belong in the plan.

A short that goes wrong

Sell 1.00 lot of EURUSD at 1.1000 and the price rises to 1.1020, a 20 pip loss.
One pip on one lot is $10, so the gross loss is $200 before costs.
Costs add a little more, so always compare the loss with your daily loss limit, not just the stop.

Velotrade lists 41 forex pairs, with leverage of up to 50x on the majors during the challenge. The full list with leverage for every pair is on the instruments page, and the forex market page covers hours and costs. For crypto and stocks, use the position size calculator.

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Common questions about forex profit, pips and the costs that reduce it.

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