May 2024 is poised to be a pivotal month for Forex traders, marked by a series of high-impact events and announcements capable of influencing market dynamics significantly. From crucial emplo...

Key Forex market events to watch in May 2024

ST: further advance.

Pivot

150.80

Our preference

Long positions above 150.80 with targets at 157.00 & 159.50 in extension.

Alternative scenario

Below 150.80 look for further downside wi...

USD/JPY may rise to 157.00 - 159.50

(M4) Intraday: the bias remains bullish.

Pivot

82.40

Our preference

Long positions above 82.40 with targets at 83.25 & 83.70 in extension.

Alternative scenario

Below 82.40 look for furt...

Crude Oil (WTI) may rise to 83.25 - 83.70

This is how to use the profit calculator

(0.01) X 100,000 = the potential profit and that would be $1,000.

However if the closing price is worse than the buy price, then the loss would be the equivalent amount.

If the account’s base currency is denominated in EUR, then $1,000 would have to be converted to the EUR equivalent at the current EURUSD rate of exchange.

The accounts base currency is denominated in USD

The profit (or loss) will be calculated as;

The difference between the buy and sell price (1.2100 – 1.2000) = 0.01.

Here is an example how profit (or loss) is calculated

Forex Profit Calculator

Learn more about our trading conditions

Profit calculator

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Calculate your potential for profit or loss

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Why use a profit calculator?

Right-click on the financial instrument (symbol).

Select Specification from the menu that appears.

The symbol description window will open where you can find all the specifications for that instrument.

Contract specifications refer to various parameters and outline the terms associated with a particular instrument or asset class. They essentially dictate the trading conditions and help traders understand the nuances between markets and how trades will be executed on the platform.

Trading Specifications

Contract specifications

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