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Contact Us »The PROFIT CALCULATOR computes the profit or loss of a currency trade. By using this tool, the user can test different trading circumstances, hence allowing them to calculate the amount of the profit or loss that a potential trade might be worth.
USER GUIDE
Select one's primary account currency. (The apparatus will calculate the profit/loss in the currency.)
Select the trade's currency pair from the list. (Recent exchange rates are shown.)
Choose the action/position (type of trade, buy or sell).
Type the number of units in the trade.
Type a supposed closing rate for the currency pair (ex. a potential value speculated the pair might reach).
On the other hand, type the current rate into this field and then change the pre-filled value to a previous rate.)Use the calculate button.
The profit/loss is shown below this button (a negative value indicates a loss and vice-versa).To compare new values, just change them and use the Calculate button again to see the results.
This Toll follows the following formula:
(Closing Rate - Opening Rate) * (Closing {quote}/ {home currency}) * Units
Example:
Home Currency: USD
Currency Pair: GBP/CHF
Base: GBP
Quote: CHF
Quote/ Home Currency CHF/USD: 1.10998
Opening Rate: 1.44488
Closing Rate: 1.44498
Units: 1000
Profit = (1.44498-1.44488)*(1.10998)*1000
If you Buy GBP for Long position, this trade will give you a 0.111 USD profit
Pips are the Forex earnings. Also known as the Price Interest Point or sometimes called points.
Standard accounts in trading a pip is equal to 10 US Dollar.
Mini account in trading a pip is equal to 1 US Dollar.
Note:( The value of pip depends on the size of the account in trading.)
Lot is the standard unit used for a transaction.
Standard lot is equivalent to 100,000 units of the base currency.
- 10,000 units if it is a mini lot
- 1,000 units if it is in micro lot.
A lot is equal to 100 US Dollar and so the standard leverage for the particular lot is in the margin of 100 to 1.
So if you buy 6 micro lots you know that it is worth $6,000. In this way you will know how much money you want to invest and decide whether you are going to sell or buy Forex currency.