Weekly Profit Formula:
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Definition: This calculator computes the net weekly profit from multiple Forex trades by summing up individual trade results.
Purpose: It helps Forex traders track their weekly performance by accounting for both profitable and losing trades.
The calculator uses the formula:
Where:
Explanation: For each trade, the calculator subtracts the loss from the profit, then sums these values across all trades to get the weekly total.
Details: Regular profit tracking helps traders evaluate strategies, manage risk, and maintain trading discipline over time.
Steps:
Q1: Should I include both winning and losing trades?
A: Yes, include all trades for an accurate weekly performance assessment.
Q2: How should I handle breakeven trades?
A: Enter 0 for both profit and loss fields for breakeven trades.
Q3: What time period defines a "weekly" calculation?
A: Typically Monday-Friday trading week, but you can adjust to your trading schedule.
Q4: Should I include swap/rollover fees?
A: For precise calculations, include all costs associated with each trade.
Q5: How can I improve my weekly profits?
A: Analyze your weekly results to identify patterns, improve risk management, and refine your trading strategy.