An Example: Calculating the Profit and Loss of USDCAD

The screenshot below has been captured as an example to perform the calculation followed.

From the open order displayed in the Terminal’s Trade tab, we know that:-

• Open price of the order: 1.24613
• Current market price: 1.2684
• Order size: Buy, 30.00 lots

Therefore the gross profit and loss:-

Gross profit
= (ClosePrice – OpenPrice) × Volume × ContractSize
= (1.24684 – 1.24613) × 30.00 × 100,000
= 2,130 CAD

If the your trade account balance currency is described in USD, then conversion from profit currency to your trade account balance currency will be automatically completed as followed.

From the market watch, we know that:

• USDCAD bid price: 1.24684

Hence, the conversion of gross profit from CAD to USD:-

Gross profit in USD
= Profit_Cad ÷ Rate_UsdCad
= 2,130 ÷ 1.24684
≈ 1,708.32 USD

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