Question 1

How do I calculate forex profit?

Accepted Answer

Forex profit is calculated as: (Exit Price - Entry Price) × Position Size × Pip Value. For a long position, you profit when the exit price is higher than entry. For a short position, you profit when exit price is lower than entry.

Question 2

What is the difference between pips and dollars in profit calculation?

Accepted Answer

Pips measure the price movement (e.g., 50 pips), while dollars show the actual monetary value of that movement based on your position size. 50 pips with 1 mini lot on EUR/USD equals approximately $50.

Question 3

Should I include spread in my profit calculation?

Accepted Answer

Yes, spread affects your actual profit. When you open a trade, you're immediately at a loss equal to the spread. For accurate calculations, factor in the spread cost from your actual entry price.

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