Calculate a trade's profit or loss. Compare the results for different opening and closing rates (either historic or hypothetical).
This calculation follows the following formula:
(Closing Rate - Opening Rate) * (Closing {quote}/{home currency}) * Units
For example, suppose:
Home Currency: USD
Currency Pair: GBP/CHF
Base = GBP; Quote = CHF
Quote / Home Currency = CHF/USD = 1.1025
Opening Rate = 2.1443
Closing Rate = 2.1452
Units = 1000
Then:
Profit = (2.1452 - 2.1443) * (1.1025) * 1000
Profit = 0.99225 USD
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