Risk Reward Calculator for Forex and Prop Firm Trade Plans
The Risk Reward Calculator helps you understand whether a planned trade gives you enough potential reward for the amount of money you are risking. Instead of using confusing trading shorthand, the calculator explains the result in simple terms such as risking $100 to try to make $200. That makes the trade plan easier to understand for beginners and easier to review before placing an order.
Enter your trade direction, entry price, stop loss, take profit and planned dollar risk. The calculator will show the stop loss distance, target distance, suggested lot size, possible loss if the stop is hit, possible profit if the target is hit, and the minimum win rate needed to break even over time.
This tool is useful for forex, gold, indices, crypto and prop firm challenge accounts. A strong risk-to-reward setup does not guarantee a winning trade, but it helps you avoid trades where the possible loss is larger than the potential reward. For prop firm traders, this is a key part of staying disciplined and protecting drawdown.