Summary of 🔹Forex Profit Calculator Tool (By Entering 5 Parameters)-[20+ Account Currencies]🔹

The video introduces a Forex Profit Calculator Tool developed by the Trading Finder Group, designed to help Forex traders accurately calculate their trade profits or losses by inputting five key parameters.

Main Financial Strategies and Features:

Step-by-Step Methodology to Use the Tool:

  1. Select currency pair: Choose the trading symbol or search for the desired currency pair.
  2. Choose Account Currency: Select the account currency from a list of 20 options (e.g., USD).
  3. Set trade volume: Input the trade entry volume in lots (e.g., 1.5 lots).
  4. Input Entry Price: Enter the trade's opening price (e.g., 192.666).
  5. Input Exit Price: Enter the trade's closing price (e.g., 434).
  6. View Exchange Rate: The tool automatically calculates and updates the exchange rate conversion in real-time.
  7. Select Position Type: Choose the type of position (buy or sell).
  8. Calculate Profit/Loss: Click on the calculate option to determine the profit or loss.
  9. Reset Settings: Use the reset option to revert all settings to default for new calculations.

The video concludes by encouraging viewers to provide feedback and suggestions regarding the tool.

Presenters/Sources:

Notable Quotes

00:00 — « No notable quotes »

Category

Business and Finance

Video