How does the profit calculator work?

Direction - either buy or sell (long or short). The profit calculator takes the difference of entry and exit prices and multiplies it based on the pip value of your trade. The pip value calculation takes into account the currency pair, the lot size and your base currency (account currency).

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

How do I use the forex profit loss calculator?

Our Forex profit loss calculator can be used as a take profit or stop loss calculator whether you’re actually using sl/tp values or closing the trade manually. If you wish to calculate your profit with a more advanced calculator to include the exact risk you wish to use, head over to our position size calculator .

How much is 1 USD in AUD?

At the time of writing, $1 USD is worth $1.58 AUD. Once you know that information, multiply the amount you have in USD by the current exchange rate. The resulting number will show you the amount of AUD that you have to spend on your trip. Let’s say you have $600 USD and would like to figure out how much AUD you have for a trip to Australia.