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
  • Trading Instrument: EURGBP
  • 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  instrument are calculated as follows:

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

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