PROFIT CALCULATOR
Result
- for 5-digit currency pairs—by the 4th decimal (0.0001)
- for 3-digit currency pairs and XAGUSD—by the 2nd decimal (0.01)
- for XAUUSD, XPDUSD, XBRUSD, XTIUSD—by the 1st decimal (0.1)
- for indices (except JPN225)—by the 1st decimal (0.1)
- for JPN225—by the 4th decimal (0.0001)
Profit calculator Benefits
Helps In Determining Potential Profitability
A profit calculator can help traders determine the potential profitability of a trade by calculating the potential profit based on the trade size, entry price, and exit price.
Helps In Setting Stop-Loss And Take-Profit Levels
With the help of a profit calculator, traders can set realistic stop-loss and take-profit levels based on their risk appetite and trading strategy.
Facilitates Risk Management
By using a profit calculator, traders can calculate the risk-reward ratio of a trade, which helps them make informed decisions about their trade size and risk management strategies.
Enhances Trading Planning
A profit calculator can help traders plan their trades by giving them a better idea of the potential profit and loss for each trade.
Improves Decision Making
With the help of a profit calculator, traders can make better decisions by comparing the potential returns of different trades and identifying the most profitable ones.