93. How to Calculate Forex Trading Profits and Losses
November 22nd, 2009 | 
Author: 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.
Posted in Forex Trading Education
Posted in Forex Trading Education
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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…
great video i have value information about the topic if you want learn more you have an open invitation
your’s must be a mini not a standard account
My pip value is a Dollar not ten dollars.
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?
Hi dave, how long do you think a trade ,has to be held before?
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 ?
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thanks for sharing good stuff man
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.
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
what does he mean by 3 contracts?