93. How to Calculate Forex Trading Profits and Losses
Aug.19, 2009 in
investing
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.
Tags: bank, central, currency, day, daytrading, demo, finance, forex, forextrading, FX, investing, money, stockmarket, trade, trading
July 16th, 2008 at 7:51 am
what does he mean by 3 contracts?
July 28th, 2008 at 1:36 pm
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
January 9th, 2009 at 6:34 pm
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.
February 23rd, 2009 at 1:12 pm
I really liked your channel and this video. If you need any help getting this video exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
There is software im using to send atleast 20,000 text message a day advertising my online business…it is amazing. I think they have a free demo to try as well autotextsender.(c0m) God Bless!
thanks for sharing good stuff man
April 4th, 2009 at 3:35 am
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 ?
May 19th, 2009 at 6:40 am
Hi dave, how long do you think a trade ,has to be held before?
August 9th, 2009 at 10:49 pm
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?
August 15th, 2009 at 3:29 pm
My pip value is a Dollar not ten dollars.