How P&L Is Calculated
Your profit or loss on any XAU/USD trade is determined by: the price movement in pips, your lot size and the pip value for that lot size.
P&L = (Exit Price - Entry Price) ÷ 0.01 × Lot Size × $1
For long trades. Reverse for shorts.
Why Know Your P&L Before You Trade
Professional traders never enter a trade without knowing exactly what they will make or lose. This discipline separates consistent traders from gamblers.