💵Transaction Rules

How To Trade Forex Profitably?

How to trade Forex profitably? Forex is a two-way trade, you can buy (long) and sell (short). Simply put, if you think the exchange rate will rise, you buy; if you think it will fall, you sell. If the direction is correct, you earn the spread in between.

Profit Calculation Rule

Total profit/loss = (Ask price - Bid price) x contract units x number of lots traded (+/-) Overnight interest Note: No overnight interest is required for closing a position on the same day it is opened; the actual overnight interest is subject to the platform display.

Transaction Case One

Buy 1 lot of AUD/USD through the platform with 100,000 contract units per lot at a bid price of 0.67164 and close the position at the ask price of 0.68164 on the same day.

Total P/L = (Ask - Bid) x Contract Units x Number of lots traded ± Overnight Interest = (0.68164 - 0.67164) x 100,000 x 1 ± 0 = $1000

Transaction Case Two

Sell 1 lot of EUR/USD through the platform with 100,000 contract units per lot at the ask price of 1.06000 and close the position at the bid price of 1.05000 on the same day.

Total P/L = (Ask price - Bid price) x contract units x number of lots traded ± overnight interest = (1.06000 - 1.05000) x 100000 x 1±0 = $1000