I want to ask about the calculation of profit/loss on a cent account. I only studied the demo for a short time and then immediately jumped into FBS cent account. I bought 0.10 lots of AUD/USD when the value was 2091.97. If I close it when it's like in the picture, how much will I make? Thank you
1 Answer
M
martin
09 Aug 2020, 22:30
@ keith:
You bought (buy) XAU/USD at a price of 2091.97. From the chart above, the current price is 2066.09. The price displayed on the chart is the Bid price, which is the price when you sell (sell).
Because your previous position was buy (buy), when closing you must refer to the Bid price, which is 2066.32. Profit / loss calculation = (2066.09 - 2091.97) = -25.88 or -2588 pips. Thus, you experienced a loss of 2588 pips.
For the pip value or value per pip calculation, it depends on the lot size. Pip value for XAU/USD = lot size x USD 1. In this case you are trading 0.1 lot, then the pip value = 0.1 x USD 1 = USD 0.1. Thus profit / loss = -2588 pips x USD 0.1 = -USD 258.8, or you experienced a loss of USD 258.8.