Our tools and calculators are developed and built to help the trading community to better understand the particulars that can affect their account balance and to help them on their overall trading. Use this Forex Profit Calculator on Your Website
#Potential stock profit calculator how to#
It can help traders to understand the basics of financially investing in Forex trading and how to avoid the dangers of over-capitalization and under-capitalization. You might also find our How Much Money do You Need to Start Trading Forex article useful. TIP The Profit Calculator can also be used to calculate, in a simple and fast way, how much money and pips will be deducted from the account equity with a losing trading position by inputting in the "Close price" field the stop loss level price. In our example, opening a long trade of 0.10 AUD/USD at 0.75345 with a closing price of 0.75855 will result in a profit of AUD 67.66, with a total of 51 pips of profit. The results: The Profit Calculator will calculate the profit in money (with the account base currency previously selected) and also the profit in the total amount of pips gained (or lost). On our example we will type a simulating AUD/USD closing price of 0.75855. For our example, we will type a simulating AUD/USD opening price of 0.75345.Ĭlose price: The last field of the calculator, here traders just need to input the closing price for the trade. Open price: In this field traders just need to input the opening price for the trade.
For this example, we will input a trading size of a 0.10 mini lot. In this field there's the option of using lots or units for the calculations. Lots (trade size): One standard lot of a Forex pair is 100,000 units per 1 lot, but u nits per 1 lot vary for the non-forex pairs. For this example, we will use simulate a long trade, therefore we select the buy direction. We choose the AUD as the deposit currency, for our example.īuy or sell: Simply input the trade direction, either long or short. Let's choose, for example, the AUD/USD.ĭeposit currency: This field is pretty straight forward, traders select their trading account deposit currency in order to get the calculations already converted to the trader's account base currency. How to Use the Forex Profit CalculatorĬurrency pair: In this field traders can select from several Major and Minor Forex pairs or from the most popular cryptocurrencies versus the USD (BTC/USD, ETH/USD, LTCUSD, XLM/USD and XRP/USD) or Gold/Silver versus the USD. It can also be used to quickly see in terms of money and pips how much will be taken from an account's equity if, on purpose, the trader changes the trade direction chosen initially and therefore simulating a stop loss hit. It works by simulating a trading position opened at a specific value and closed also at a specific value, and what will be the outcome in monetary terms and how many pips of gain or loss.
What is a Forex Profit CalculatorĪ Forex Profit Calculator is useful to simulate, just by inputting the required values, how much money and pips a trading position represents, quantitatively, if the position is closed in profit or loss. Use our accurate Profit Calculator to calculate the profit or loss value in money and pips of a trading position using live market data, trade direction and the lots traded. Check out the live price action of this pair with our 👉 Live Price Charts.
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