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Profit Calculator for Better Money Management

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This calculator serves as a tool to calculate the profit/loss based on the price levels, lot size, currency pairs, and trading positions that you have opened.



The most important thing about profit is to maintain them consistently. There's no use in gaining a big profit if you can't follow it up with continuous success.


Additional FAQ

Compounding profit in forex trading involves reinvesting part or all of the earnings, without withdrawing, to increase the trading capital for future trades. This strategy helps grow your trading capital over time.

Continue Reading at Compounding Profit in Forex Trading, a Simple How To

Yes, traders can profit from high and low-volatile currency pairs using different trading strategies. High-volatile pairs are suitable for short-term traders and those with an aggressive approach, while traders may prefer low-volatile pairs with a more conservative strategy. The key is to adapt your trading approach to match the market conditions and your trading style.

Continue Reading at What is High Volatility and How to Profit from It?

Let's say you want to trade USD/CAD at a broker that provides four-digit quotes. Suppose the exchange rate for USD/CAD is 1.0200. It means that a change of 1 pip means a change of 0.0001 CAD. So, the dollar value per pip per unit traded:

= (0.0001 CAD) x (1 USD/1.0200 CAD)
= (0.0001 CAD/1.0200 CAD) x 1 USD
= 0.0009804 USD per unit

Therefore, if you trade 1 mini lot in the USD/CAD pair (1 mini lot = 10,000 USD), then the dollar value per pip is approximately 0.98 USD.

Continue Reading at Forex Trading: 10 Things Beginners Must Know

Yes, it is, provided you conduct a comprehensive analysis and have clearly defined entry and exit points in place.

Continue Reading at 1-Hour Trading Strategy for Beginners