Before opening a position, it is only natural that you would want to know what you stand to gain or lose from it. The profit calculator is an easy-to-use tool that will enable you to determine the outcome of a trade and decide if it is profitable or not. You can also place different opening and closing prices to compare the results. All you have to do is select the currency pair, the trade size, the currency of your account, the period you want to keep your trade open for, if you are selling or buying, as well as the open and close price. Finally, click ‘Calculate’ to see the potential profit or loss of the trade.
Profit is calculated using the CFD formula, as follows: (Close Price - Open Price) x Lot x Contract Size +/- Swap.
Close Price - is the price at which your position is closed
Open Price - is the price at which your position is placed
Lot - is the MetaTrader volume of your position
Contract Size - is the actual number of units of an asset in your position
Swap - is a fee charged for holding a position overnight (please note: the calculator does not take triple day swaps into account)
The calculators are supplied by TeleTrade as auxiliary tools serving informational purposes solely. Data for the calculations is sourced from TeleTrade's trading servers and there could be delays before it appears on the website. Due to the possible feed delay and the rounding of values, the displayed calculation results may deviate from the actual parameter values applicable in the market.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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