Profit refers to the positive difference between the price at which a trader buys a currency and the price at which they sell it.For example, if a trader buys a currency at a lower price and then sells it at a higher price, they will make a profit.Profit in forex trading is typically measured in pips, which is a unit of measurement used to express the change in the exchange rate of a currency pair. One pip is equal to the smallest increment in the exchange rate, which is usually the fourth decimal place in most currency pairs.For example, if the exchange rate of a currency pair is 1.2000, and the trader buys the currency at this rate and then sells it when the rate increases to 1.2010, they will have made a profit of 10 pips.Profit in forex trading is not guaranteed, as it depends on a variety of factors, including market conditions, the trader's skill and strategy, and the level of risk that the trader is willing to take. Some traders may focus on making small, consistent profits over time, while others may aim for larger, more infrequent profits.
