There are many concepts that one has to deal with when entering forex, while the concept of profit is one of the most pleasant.
After all, it is because of it that everyone comes to exchange trading and it is profit that shows the effectiveness of work.
At the same time, oddly enough, there are several types of profit encountered in the process of trading.
1. Floating profit – that is, one that is constantly changing up or down. This is a profit on non-closed positions, so when the price fluctuates, the financial result of the transaction itself changes.
2. Fixed profit – appears only after you have closed the order, it remains in the history of the trading platform and on your account and is an assessment of your professionalism.
3. Profit for the period – every trader knows that it is impossible to judge the performance of work on one transaction. Usually the result is evaluated for a certain period – a day, a month, a year.
4. Net profit– that is, a positive result for the period minus the costs incurred. After all, you have to pay for the Internet, electricity, sometimes for renting a room, and also buy the necessary equipment.
You should always evaluate your result of work in terms of the net profit received. Since sometimes you hear that someone earned a hundred dollars in a month, but at the same time forgot to calculate the costs of electricity, the Internet and the payment for a virtual server.