How to use the forex profit calculator?

Using the forex profit calculator you can adjust your trade size or take profit and stop loss levels to increase or decrease potential gain or loss to match your trading plan. How to use the calculator? Account currency - the deposit currency of your trading account Direction - either buy or sell (long or short).

What is a profit calculator?

Profit calculator is a simple tool designed to help you calculate your potential profits and losses depending on the outcome of the trade. Profit calculator is a simple tool designed to help you calculate your potential profits and losses depending on the outcome of the trade. Profit Calculator | FXTM HELP CENTRE CONTACT US OPEN ACCOUNT LOGIN ABOUT

How to calculate profit & loss in EUR/USD?

Dividing 20 USD by the GBP/USD exchange rate measures profit and loss in GBP. By dividing 20 USD by the EUR/USD exchange rate, we know we’re calculating profit and loss for euros. Calculating profit and loss through pip value is another simple and effective method. It involves multiplying pips gained (or lost) by pip value and trade size.

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).