Trading tools

Free trading calculators

Plan every trade before you risk a cent. Calculate pip value, the right position size for your risk, potential profit or loss, and the margin a leveraged position locks up — instantly and for free.

Pip value calculator

Work out what one pip of movement is worth for your position size.

Value per pip
10.00 USD
Lots: 1 · Units: 100,000

What each calculator does

Pip value

A pip is the smallest standard price move in most forex pairs (0.0001, or 0.01 for JPY pairs). Its cash value depends on your lot size: one standard lot (100,000 units) is worth about 10 units of the quote currency per pip. Knowing the pip value is the building block for sizing trades and reading your profit and loss.

Position size

This is the single most important risk tool. Instead of guessing a lot size, you fix the percentage of your account you are willing to lose (1–2% is standard), set your stop-loss distance, and the calculator returns the exact position size that keeps the loss within your rule. Read the full method in our risk management guide.

Profit / loss

Enter your direction, entry and exit prices and lot size to estimate the result of a trade. It uses the price difference times your contract size, so you can compare a trade’s potential reward against the risk before you ever click buy.

Margin & leverage

Leverage lets a small deposit (the margin) control a much larger position. This calculator shows the margin a trade locks up and the total exposure it controls — a fast reality check on how much risk your leverage is really creating. For the full picture, see leverage explained.

A worked example: the calculators in sequence

Say you have a $5,000 account and want to risk 1% ($50) on a EUR/USD long. Your stop-loss is 30 pips and your target is 60 pips.

  1. Pip value: 1 standard lot of EUR/USD on a USD account ≈ $10 per pip.
  2. Position size: $50 ÷ (30 pips × $10) = 0.17 lots (≈17 micro lots).
  3. Profit / loss: if it hits target, +60 pips × $10 × 0.17 = +$100; if it hits stop, −$50.
  4. Risk / reward: 60 ÷ 30 = 1:2, so you only need to win ~33% of such trades to break even.

That is the whole discipline in four numbers — and it is why the calculators feed into each other.

The formulas behind the numbers

  • Pip value = lots × 100,000 × pip size ÷ conversion
  • Position size = (balance × risk%) ÷ (stop pips × pip value/lot)
  • Profit / loss = (exit − entry) × 100,000 × lots × ±1
  • Risk / reward = target pips ÷ stop pips
  • Break-even win rate = 1 ÷ (1 + ratio)
  • Required margin = (lots × 100,000 × price) ÷ leverage

Frequently asked questions

What is a pip?+
A pip is the smallest standard price move in a forex pair — usually the fourth decimal place (0.0001), or the second (0.01) for JPY pairs. Profit, loss and spreads are commonly measured in pips.
How do I calculate position size?+
Decide how much of your account you will risk (e.g. 1%), divide that cash amount by your stop-loss distance in pips times the pip value per lot. The position-size calculator above does this for you.
Are these calculators financial advice?+
No. They are educational estimates using standard formulas. Real fills, conversion rates and broker rounding can differ slightly. Always confirm figures in your broker’s platform before trading.
What lot size should a beginner use?+
Far smaller than most expect. Rather than picking a lot size, pick a risk percentage (1–2%) and let the position-size calculator set the lots. On a small account this often means micro lots (0.01).
What is a good risk-reward ratio?+
Many traders aim for at least 1:2 — risking one unit to make two. The risk-reward tab shows the break-even win rate for any ratio: at 1:2 you only need to win about 33% of trades to break even, which is why ratio matters more than being right often.
How is profit and loss calculated?+
P/L equals the price difference between exit and entry, times your contract size (100,000 units per standard lot), times your lots, in the direction of the trade. The result is in the pair’s quote currency — if that differs from your account currency, convert it at the current rate.
Do these calculators work for indices, gold and crypto?+
The position-size, profit/loss and margin logic applies to any leveraged instrument, but the pip and contract conventions differ (gold, indices and crypto are not quoted in forex pips). Enter the instrument’s own tick/point size and contract value, or check your broker’s contract specifications.

Add these calculators to your site

Run a trading blog or educational site? Embed any of these calculators for free — pick a calculator and language, copy the code and paste it into your page. A small credit link back to BrokersRoom is included.

Free to embed — a small credit link is included.
Daniel Whitmore

Tools reviewed by

Daniel Whitmore

Forex & CFD Specialist

These calculators provide educational estimates using standard formulas and may differ from your broker’s exact figures. Trading CFDs and forex carries a high risk of losing money rapidly due to leverage; between 74–89% of retail accounts lose money. Not financial advice.