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).

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).

How do you calculate gross profit?

Gross profit is the revenue generated from sales minus the cost of goods sold (COGS), serving as an initial measure of a company's profitability. How to calculate gross profit? Determine the revenue. Calculate the cost of goods sold (COGS). Apply the gross profit formula: gross profit = revenue - COGS. What is profit sharing?

What is gross profit in accounting?

Going by the accounting gross profit definition, it is the difference between revenue and cost of goods sold ( COGS) before deducting overheads, payroll, taxation, and interest payments. COGS is another accounting term found in income statements. It is the cost associated directly with buying or producing a particular item.