Forex Example 1 - GBP Account
A client buys 1 lot of AUD / USD @ 0.9169
The position is closed @ 0.9179 Profit / Loss is calculated as 0.9179 - 0.9169 x 100,000 = US$100
The profit / loss is converted to the account currency by the following calculation: 100 / 1.6268 = £61.47
Forex Example 2 - GBP Account
A client sells 0.5 lots of EUR / GBP @ 0.8333
The position is closed @ 0.8403. Profit / Loss is calculated as 0.8333 - 0.8403 x 50,000 = -GBP£350
The profit / loss is in the correct currency - GBP
Forex Example 3 - GBP Account
A client buys 0.5 lots of AUD / JPY @ 77.35
The position is closed @ 78.20 Profit / Loss is calculated as 78.20 – 77.35 x 50,000 = JPY¥42,500
The profit / loss is converted to the account currency by the following calculation: 42,500 / 164.510 = £258.34
As part of our Forex Hub, we teamed up with Technical Analysis TV Channel, ForexTrading.TV, to give our clients the very best in educational chart analysis videos.
From Fibonacci Retracements to Ichimoku Clouds to simple Trendlines, our Forex Hub Chart Analysis section has a great range of videos giving insight into the invaluable tool that chart analysis is.
Vantage FX aims to supply Forex traders with all the education and trading tools necessary to be a successful Forex Trader. Below you will find a collection of audio visual tutorials that explain how to use and navigate that MetaTrader 4 platform in a step-by-step fashion.