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 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.

What is the fxtm profit calculator?

Profit Calculator Set profit targets and risk-manage losses Never take a trade until you've planned out every potential scenario. That's a golden rule for every professional investor. The FXTM profit calculator can help you plan out potential profits and losses so you go into trades ready for every possible outcome.