# How can I calculate my profits or losses on a position?

Use one of the following formulas:

• For Buy Positions: Profit/Loss = (Contract × ClosePrice) - (Contract × OpenPrice)
• For Sell Positions: Profit/Loss = (Contract × OpenPrice) - (Contract × ClosePrice)
• Profit/Loss the profits/losses on the position expressed in the quote currency
• Contract: the size of the contract in the base currency
• ClosePrice: the rate when the position is closed
• OpenPrice: the rate when the position is opened

Example: Let's calculate the USD profits/losses for a position on EURGBP.

The position:

• Contract Size (in lots): 0.19 lots
• EURGBP OpenPrice: 0.6983
• EURGBP ClosePrice: 0.6883 (0.6983 - 0.6883 = 0.0100 = 100 pips)
• Contract Size (in EUR): 19,000 EUR
• GBPUSD Rate: 2.0256 (to convert the profits/losses from GBP to USD)

Calculation:

1. Profit/Loss = (19,000 × 0.6983) - (19,000 × 0.6883) = 13267.7 – 13077.7 = 190 GBP.
2. Now we'll convert to USD: 190 GBP × 2.0256 = 384.86 USD.

So, the position earned 384.86 USD in profits.

You can calculate the profits/losses for positions on other currency pairs and on spot metals very much like in the example above.

Profits and losses on the SPX500_m  instrument are calculated as follows:

• For Buy positions: Profit/Loss = (ClosePrice – OpenPrice) × Lots × 100;
• For Sell positions: Profit/Loss = (OpenPrice – ClosePrice) × Lots × 100.

Profits and losses on the Wst30_m instrument are calculated as follows:

• For Buy positions: Profit/Loss = (ClosePrice – OpenPrice) × Lots;
• For Sell positions: Profit/Loss = (OpenPrice – ClosePrice) × Lots.

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