EURUSD

While traders wait for the updated GDP data, US economic expansion has been robust, with a notable increase in GDP growth at an annualized rate of 3.4% in Q4 2023. This growth has bee...

3 Markets to Watch This Week

Intraday: rebound in sight.

Pivot

17760.00

Our preference

Long positions above 17760.00 with targets at 18089.00 & 18195.00 in extension.

Alternative scenario

Below 17760.00 look for fu...

Dax may rise to 18089.00 - 18195.00

ST: under pressure.

Pivot

1.2710

Our preference

Short positions below 1.2710 with targets at 1.2300 & 1.2180 in extension.

Alternative scenario

Above 1.2710 look for further upside with...

GBP/USD may fall to 1.2180 - 1.2300

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

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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.

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Contract specifications

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