Profit & Loss Calculator
When traders open a forex position, they usually set a predetermined take profit and stop loss levels.
This price levels are often set by some analysis. So, after analyzing, trader wants to know what the dollar amount of profit and loss would be.
How Does Profit And Loss Calculator Work?
Let’s say Sarah wants to open a sell position on GBP/JPY. Other information is as below:
Open price: 166.36
Close price: 135.50
Deposit currency: USD
USD/JPY rate: 137.98
Trade size: 0.3 lot
She wants to know what the profit and loss of this position would be in each case.