Forex Trade Simulator

How to use

1. Enter the entry price and exit price of the trade.
2. Choose Long (buy) or Short (sell).
3. Enter the lot size in standard lots.
4. Read pips gained or lost and the dollar profit or loss.

About this tool

This simulator grades a finished forex trade on its entry and exit prices alone. Choose long or short, enter the prices to four decimal places, and set the lot size; the tool counts pips and converts them into profit or loss using the standard 100,000-unit contract. The default example buys at 1.0850 and exits at 1.0920, a 70-pip move that earns 350 dollars on 0.50 lots, since each pip on a USD-quoted pair is worth 10 dollars per standard lot and half a lot halves that. Reversing the same prices as a short trade produces the mirror image. Spread, commissions, and overnight financing are deliberately excluded, so real results come in lower. Simulated results exclude spread, commission, and swap; price moves do not repeat on demand; not investment advice.Pip convention: on most pairs a pip is the fourth decimal, 0.0001, and the fifth decimal is a pipette worth one tenth of a pip; JPY pairs use the second decimal instead. Half a standard lot on a USD-quoted pair moves 5 dollars per pip, and a 0.01 micro lot moves 0.10 dollars. Paper-trade new ideas in a demo account before risking funds.

FAQ

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