When you are trading on our CFD platform with a given instrument, your result is calculated in the following way:
Quantity x (Closing/Current Price - Opening) = Profit / Loss Result (for long 'BUY' position)
- Quantity x (Closing/Current Price - Opening) = Profit / Loss Result (for short 'SELL' position)
If you have a Long “Buy” position of 10 units with NASDAQ 100, opened at 9075.50 and closed at 9077.80 your result will be as follows:
10 x (9077.80 - 9075.500) = 23 USD profit.
If your account currency is different from the traded instrument, the current exchange rate at the time will apply to your opening and closing price. In this case, if our account is in GBP, the result would have been transformed to 18.27 GBP in profit.