I\'ve just created a custom order form on the Microsoft Dynamics CRM Online.
Basically, I\'d like to update Total Amount field as multiply of Quantity and Amount Field.
Useful walkthrough: http://ayazahmad.wordpress.com/2011/05/25/javascript-libraries-in-microsoft-dynamics-crm-2011/
Here is info on how to setup the javascript for your forms: microsoft's form programming reference
the code for your calculation will look something like this:
var amount = Xrm.Page.getAttribute("youramountfieldname").getValue();
var quantity = Xrm.Page.getAttribute("yourquantityfieldname").getValue();
var totalamount = amount * quantity;
Xrm.Page.getAttribute("yourtotalamountfieldname").setValue(totalamount);