To calculate your profit or loss from a trading position, use the following formula:
For a BUY position: Quantity x (Closing/Current Price - Opening) = Profit/Loss Result
For a SELL position: -Quantity x (Closing/Current Price - Opening) = Profit/Loss Result
Suppose 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:
10 x ($9077.80 - $9075.50) = $23 profit.
If your account currency differs from the traded instrument, the current exchange rate at the time will apply to your opening and closing price. For instance, if your account is in GBP, the result would convert to £18.27 in profit. 💰