In Forex trading, it is important to know how much capital you can gain or lose depending on the outcome of the trade before opening a position. Profit Calculator is a simple tool designed to help you do just that.
To determine the potential profit or loss of a trade, start by choosing the currency pair to trade. In the next step, determine whether to buy or sell. After determining the opening and closing price, you can select the currency in which you want to see the results.
The actual outcome of a live trade may vary depending on factors such as sudden volatility or important market news and announcements. You should also be aware that different commission rates, swaps and spreads for different account types can be applicable.