How trading profit is calculated
Profit = (exit price − entry price) × contract size × lots for a buy, and the opposite for a sell. On gold (100 oz per lot), buying 1 lot at 2,400 and selling at 2,410 makes $10 × 100 = $1,000.
For pairs not quoted in dollars the result is converted to USD at the exit price. Commission and overnight swap are not included, so check them on your platform.
Profit targets in a prop firm challenge
Challenges set a profit target as a % of the account, for example 8% on a $100K account = $8,000. Use this calculator together with the risk/reward calculator to see how many winning trades your plan needs to reach the target without breaking the loss limits.
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