Japanese Nikkei, or commonly known as the Nikkei is a stock market index for Tokyo Stock Exchange (TSE). The Nikkei measures the performance of 225 large, publicly owned companies in Japan from a wide array of industry sectors, including but not limited to automotive, foods, banking, finance, securities, communications, retail, mining, etc.
Nikkei is operating in Japanese Yen.
The screenshot below has been captured as an example to perform the calculation followed.
From the JP225 contract specifications, we know that:-
From the open order displayed in the Terminal’s Trade tab, we know that:-
Therefore the gross profit and loss:-
= (ClosePrice – OpenPrice) × Volume × ContractSize
= (18,757.00 – 18,770.50) × 100.00 × 10
= 13,500 JPY
It is unlikely that your trade account balance currency would be in JPY, hence conversion back to your trade account balance currency will be required.
From the same Market Watch, we also know that:-
Hence, the conversion of gross profit from JPY to USD:-
Gross profit in USD
= ProfitJpy ÷ RateUsdJpy
= 13,500 ÷ 107.480
≈ 125.61 USD