What Is The Profitability Calculator?

What Is The Profitability Calculator?

A profitability calculator is simply the best tool to calculate trading profitability. The calculator does all the calculations based on the data you input. You input all the data, and our tool does all the hard work behind the scenes.

That makes this calculator extremely useful as it saves loads of time. If you try to make several trades without a calculator, you will quickly see why you need one. All you do is enter the data, and our calculator automates the profit and loss calculation.

How To Use The Calculator

To “master” this calculator, there are nine steps to know.

  1. Choose the original trading currency
  2. Choose your currency pair for the exchange rate
  3. Choose account leverage and default lot size.
  4. Select “Buy” for buying or “Sell” for selling
  5. Enter units of transactions, PIP amount, and transaction date
  6. Enter your forecasted closing rate. Note: You could also enter the current exchange rate here.
  7. Enter commission size, capital size, net deposit value, and trade volume
  8. After you enter all the data, it auto-calculates. Green means profitable; Red means unprofitable.
  9. To calculate again, enter data again. A page refresh will fix any issues.

When To Use This Calculator

When To Use This Calculator

This calculator is primarily to calculate the profitability of your trades. Since our tools are “great” and have multiple uses, you can get a technical analysis of any transaction. I like this tool a lot for how accurate it is.

It can show you data on the slightest fluctuations in your trade. Now, you can instantly know if your transaction is not profitable anymore. Just input the data, and read the result. Using the technical analysis aspect is for traders who run multiple trades at one time. So not for all us “beginners”.

Again, the tool greatly helps your risk management. You can take control and management over your online trading. This tool works with lots of other trading tools. You could use this for personal calculations or use it through your extensive trading system.

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