How does the profit calculator work?

Direction - either buy or sell (long or short). The profit calculator takes the difference of entry and exit prices and multiplies it based on the pip value of your trade. The pip value calculation takes into account the currency pair, the lot size and your base currency (account currency). Why is it important to use the calculator?

How do I calculate potential profits or losses?

To calculate potential profits or losses of a trading position, specify certain trade parameters (e.g., the currency pair, deposit currency, and trade size), the opening and closing price of your trade, and whether you buy or sell. (3.5 * 100,000 USD)* (0.96543 CHF per USD-0.95666 CHF per USD) = 3069.5 CHF.

How do you calculate a profit from a currency trade?

Assuming the trader takes profit at $1.2150, we must multiply 10,000 units (trade size) by 0.0020 (pips [currency pairs are usually priced to four decimal places]), which equates to a 20 USD gain (or 1 USD per pip). If trade size was 100,000 units (standard lot), the return would be 200 USD (100,000 * 0.0020).

How does a trading calculator work?

To calculate the potential profit or loss of a trading position, the calculator will take into consideration trading instrument, deposit currency, trade size, and the opening and closing price of the trade, and then, based on whether of the position type: buy or sell, the calculator will calculate accordingly.