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How do I calculate Profit and Loss?

Your Profit and Loss is automatically calculated in your MT4 platform. To manually calculate your Profit or Loss, you can use the following formula: (Closing Rate – Opening Rate) x (Closing {quote} / {home currency}) x Units Use the following information as an example: Home Currency: USDCurrency Pair: GBP/CHFBase = GBP; Quote = CHFQuote / Home Currency = CHF/USD = 1.1025Opening Rate = 2.1443Closing Rate = 2.1452Units = 1000 To calculate the profit/loss: (2.1452 – 2.1443) x (1.1025) x 1000 Your profit = $0.99225  

Additional Information

What is Over The Counter (OTC) trading? Can I hold positions over the weekend and major holidays? What is the difference between a Long or Short position in Forex?