Note: the tool is for illustrative purposes only and does not predict future market performance.
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.
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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.
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.
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.
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.
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.
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.
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.
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.
Compare the performance of major currencies relative to others in real-time for free.
Make hypothetical profit and loss (P&L) calculations easy with our free CFD profit calculator.
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*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.
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