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How profit is calculated in forex?

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To calculate the P&L of a position, what you need is the position size and by how many pips the price has moved. The actual profit or loss will be equal to the position size multiplied by the pip movement. Let's look at an example: Assume that you have a 100,000 GBP/USD position currently trading at 1.6240. read more

The actual calculation of profit and loss in a position is quite straightforward. To calculate the P&L of a position, what you need is the position size and the number of pips the price has moved. The actual profit or loss will be equal to the position size multiplied by the pip movement. read more

(The tool will calculate the profit/loss in this currency.) Select the trade's currency pair from the list. Current exchange rates are shown. Choose the action (the type of trade, buy or sell). Type the number of units in the trade. Type a hypothetical closing rate for the currency pair (for example, a future value you speculate the pair might reach). read more

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