93. How to Calculate Forex Trading Profits and Losses
December 5th, 2009
InformedTrades asked:
www.informedtrades.com A lesson on how to calculate profits and losses in the forex market for active traders and investors in foreign exchange and currrencies.
day trading forex currency
11 Responses to “93. How to Calculate Forex Trading Profits and Losses”
forex trading
Just a warning everyone. I’ve purchased Peter Bain’s course as well as three other trading systems back in 2003-04 and have been attempting to trade forex for five years. My account balance is still below $100 even though I’m trading microlots. Forex is not get-rich-quick and you can spend years and still be unsuccessful despite buying several trading courses…
Forex Income Engine
great video i have value information about the topic if you want learn more you have an open invitation
forex trading
your’s must be a mini not a standard account
forex trading
My pip value is a Dollar not ten dollars.
Forex Income Engine
So have I got it correct in saying that if you make a purchase of the ‘AUD/USD’, of one contract size, I would be buying $100,000 Australian dollars.
And…one pip movement would mean 0.0001 USD in order to buy one Australian dollar, which would then need to be convertedt back to Australian dollars to asses the p/l you have encountered so far?
forex trading
Hi dave, how long do you think a trade ,has to be held before?
Forex Income Engine
hi Dave ,, really enjoyed this lesson , i wanted to know does the pip cost vary when trading in a different type of account . eg trading in a mini account where the lot = 10000 ? i think the pip cost will be $1 if US is the counter price right ?
Forex Income Engine
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thanks for sharing good stuff man
learn to trade the forex
hey great videos, do you have any tips on how to make good profits i am barely breaking even i have too many pips help.
learn to trade the forex
Hi Horsefly4, When trading with most retail forex firms, they standardize the amount traded into contract sizes of either 1,000, 10,000, or 100,000 of the base currency. So in the above video when I say 3 contracts I mean 3 lots or 300,000 of the base currency. Best Regards,Dave
Forex Income Engine
what does he mean by 3 contracts?