How to calculate profit/loss for CFD positions?
To calculate the profit or loss for a CFD (Contract for Difference) position, follow these steps:
For a long position (buy):
Profit/loss = (close price - open price) x lots x contract size
For a short position (sell):
Profit/loss = (opening price - closing price) x lots x contract size
When calculating your profit or loss for CFD positions, remember to include extra costs like commissions and swap fees, as they can affect your total results.