Question: How to calculate profit/loss for CFDs with XM?
Profit/loss calculation for CFDs is as below.
For long(buy) positions:
Profit/Loss Calculation(long) | (Close Price – Open Price) × Lots × Contract Size = profit/loss |
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For short(sell) positions:
Profit/Loss Calculation(short) | (Open Price – Close Price) × Lots × Contract Size = profit/loss |
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To avoid any confusions, you may want to open a demo account and find out.
XM’s Demo account is available for Free.
XM also offers free online calculator on the official website.