How do I calculate profits and losses for each forex trade

 To calculate profit or loss for closed positions, please use the formula below:

• Buy position: (Closing Price - Opening Price) X Units X Dollar Exchange Rate = Profit/Loss
• Sell position: (opening price - closing price) X units X dollar exchange rate = profit/loss 

To calculate profit or loss for open positions, please use the formula below:

• Buy position: (current price - opening price) X units X dollar exchange rate = profit/loss
• Sell Position: (Opening Price - Current Price) X Units X Dollar Exchange Rate = Profit/Loss