How do I calculate the P/L (profit or loss) per trade?
To calculate the profit or loss for a given trade, please use the formula below:
Buy Trade: (Close rate - Open rate) X Units X USD exchange rate = P/L
Sell Trade: (Open rate - Close rate) X Units X USD exchange rate = P/L
Instruments that are traded in US Dollars do not require a conversion and therefore the USD exchange rate value will be 1.
For information on how to calculate the amount of units for a trade, click here.