Check out your account window on your trading platform. Daily profits and losses are calculated on all positions you have in the right time zone for each instrument. Give us a shout if this isn’t clear.

Have a peek at our handy calculator above. Just choose your currency pair and imagine if you’re buying or selling. Once you’ve decided on the open and close price, select the currency in which you’d like to understand your potential profits.

Profit/loss can be calculated as follows:

(Close Price – Open Price) * Volume of Trade * Contract Size (Gold contract size is 100)
This will result in quote currency and respectively will be converted to account currency.

Profit/loss can be calculated as follows:

(Close Price – Open Price) * Volume of Trade * Contract Size (Currency pairs contract size is 100 000)

This will result in quote currency and respectively will be converted to account currency.

A pip is the measure of change in a currency pair in the BWG market. It’s the smallest unit of measurement by which a currency quote can change. Most currency pairs have a standard pip value of 0.0001 and are measured to five decimal places. You can learn more about the difference in value of a pip by currency with our handy calculator.

A profit calculator helps forex traders by providing you with a precise forecast of your potential gains or losses before executing a trade. Simply input the details of your trade, your entry and exit prices, trade size, and chosen currency pair to forecast possible outcomes based on different market scenarios. Effective use of a profit calculator aids in strategic planning and pre-trade risk assessment.

To get accurate profit calculations from our Profit Calculator, you’ll need a few bits of key data:
the currency pair your trading
the entry and exit prices of your trade
the size of your trade in lots
Additionally, knowing your account’s base currency, leverage, and any relevant fees or spreads will help in determining the net profit from a trade.