Note: the tool is for illustrative purposes only and does not predict future market performance.

CFD forex calculator

Using the CFD forex calculator below, enter your forex pair, leverage and trade size for a hypothetical P&L over a set period – and find out how your trade could perform based on your inputs.

Choose options

Market
Traded quantity
Limited within the limits of this calculator
Leverage

Your potential P&L

Open

Close

Deal size
Traded quantity x Opening price
Margin required
Funds required to open a trade
P&L

Past performance is not a reliable indicator of future results.

The calculator does not account for any overnight funding or spread costs applied to positions. Traders should consider the effect of such costs on potential profits. Visit our Charges and fees page for more information.

What is a forex calculator?

A forex calculator is a trading tool that lets you estimate the potential P&L of a hypothetical forex trade before you open it. While it doesn’t predict future price movements or guarantee performance, it can help you explore how your trade might have performed under certain conditions, using past or live price data. Actual execution in live markets may vary due to factors like spread, volatility, or slippage.

How does the forex calculator work?

The forex calculator works by taking your input data – like the currency pair, position size, leverage, and opening/closing prices – and calculating the potential profit or loss. It accounts for whether you’re going long or short and uses real-time price feeds where available to keep the result relevant.

How is profit calculated in forex trading?

Profit in forex CFD trading is typically calculated by subtracting the opening price from the closing price of the position, then multiplying the result by the trade size and pip value. If leverage is used, it can magnify both gains and losses. This calculator automates the process to save you time and reduce the risk of manual error.

How can this help me?

The CFD forex calculator gives you a clear picture of potential trade outcomes before you commit any capital. By experimenting with different trade sizes, leverage levels, and price points, you can plan more confidently and improve your discipline. It’s a useful way to visualise risk and reward, helping you build stronger strategies without taking on actual market exposure.

How often does the forex calculator update?

The forex calculator uses the most recently available market data to help simulate hypothetical trade outcomes based on your inputs. It’s designed for illustrative purposes only and doesn’t reflect or predict future performance. Actual trading results may vary due to factors such as spread, execution speed, or market volatility.

What affects forex prices?

Forex prices are influenced by a range of factors, including interest rate changes, economic data releases, and geopolitical events. Central bank policies, inflation figures, and employment reports can all shift market sentiment, while global news and investor speculation often add further volatility. Understanding these drivers can help you interpret market movements and use the calculator more effectively.

When is the best time to trade forex?

There is no one ‘best time’ to trade forex, but many traders prefer periods of high market activity, when major financial centres overlap. The so-called London-New York session (13:00-17:00 UTC) can often be the most liquid and volatile, offering tighter spreads and more trading opportunities. However, the ideal time can also depend on the currency pair you’re trading and your own strategy.

How to start trading

Start CFD trading on our intuitive, award-winning* platform today. Access 3,000+ markets, advanced tools, and dedicated support by following these easy steps.

  • Step 1Create your account and send us your documents to verify
  • Step 2Once approved, make your first deposit
  • Step 3Research your market
  • Step 4Start trading on web or mobile

*Capital.com was awarded ‘Most Innovative Tech’ and ‘Best Forex Broker’ by TradingView in 2022. It was also named ‘Best Platform for New Investors’ by the Investors’ Chronicle Awards 2022. Figures presented relate to Capital Com Group.

**The CFD calculator is intended for trading demonstration purposes only. Pricing is based on historical data. Past performance is not an indication of future results.

Why trade with Capital.com

Intuitive, simple-to-use platform

Navigate easily between 3,000+ markets, user-friendly charts, and personalised watchlists.

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Build your experience with content rated best in class at the prestigious ForexBrokers.com 2024 Annual Awards.

Knowledgeable and friendly support, round the clock

Whether it’s about payments, platform features or the markets we offer, we’re on hand to assist, whenever you need it.

Free forex profit calculator | Forex tool | Capital.com