How my profit/loss is calculated?

[Sam191920]

Hi All,

As you can see in the following picture, I opened a position at 1.08935 and closed it at 1.08617. However, I do not know why I did not gain £31.8 (1.08935-1.08617).

could you please give me some guidance on how to make a calculation for profit and loss?

Thank you,

Sam

[OfentseIG]

18 hours ago, Sam191920 said:

Hi All,

As you can see in the following picture, I opened a position at 1.08935 and closed it at 1.08617. However, I do not know why I did not gain £31.8 (1.08935-1.08617).

could you please give me some guidance on how to make a calculation for profit and loss?

Thank you,

Sam

Hi @Sam191920

To calculate your P/L, you would have to multiply by the exchange rate to arrive to GBP (your base currency). 

That would be NZD 31.8 x 0.52406487 = GBP 16.58

All the best, OfentseIG