In order to calculate the P/L (profit or loss) per trade, please use the below example as a guide.
Example Trade
- Contract Size (in lots):0.20 lots
- Trading Instrument: EURGBP
- EURGBP OpenPrice: 0.7123
- EURGBP ClosePrice: 0.6992(0.7123 – 0.6992 = 0.0131 = 131 pips)
- Contract Size (in EUR): 20,000 EUR
- GBPUSD Rate: 2.0128 (to convert the profits/losses from GBP to USD)
Calculation:
- Profit/Loss = (20,000 × 0.7123) – (20,000 × 0.6992) = 14246 – 13984 = 262 GBP.
- Now we’ll convert to USD: 262 GBP × 2.0128 = 527.35 USD.
So, the position earned 527.35 USD in profits.