By using the calculator, you can examine up to 5 trades simultaneously, looking at aspects such as pip value, contract size, spread, swap, margin, commission and potential profit. Just enter the data that forex income calculator want to consider and click “Calculate”.
The margin for each trading instrument is calculated in accordance with the relevant and up-to-date margin requirements. For example, if the maximum leverage on an instrument is 1:50, this value will be used in the calculation of the margin even if a higher value is selected on the calculator. If the selected margin is less than the maximum for that instrument, the margin will be calculated using this selected value. 4 account with leverage set to 1:1000, and you want to work out the spread, swap and potential profit for a SELL position of 10 lots of USDJPY. Firstly, enter the appropriate details in the “Account Settings” section. Choose USDJPY from the instrument list, then type in 10 in the “Volume” column, and choose SELL as the action.
The calculator will then add the opening and closing prices of the deals, which you are free to edit as required. Let’s say that the opening price is 100. 500 while the closing price is 100. More information about specific trading instruments can be found on the “Contract Specifications” page. This is the SELL price of the trade. If you want, the calculator will convert this amount into your deposit currency showing the exchange rate.