93. How to Calculate Forex Trading Profits and Losses
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.
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Comment by fgjtyee — 06/07/2010 @ 22:22
Sounds like your pip values are too small. With a $100 you’re making $1 per pip or less correct? Conversely, if you’re able to trade at $10-$20 per pip you would hopefully, using sound judgement and proper money mgmt, see bigger profits.
Comment by amenrah7 — 06/07/2010 @ 23:08
i am day trading for 4 months – started with 2,000 euro -now have balance of 22,000 dollars but it takes vigilance and rolling with the losses .
Comment by tumadoireacht — 06/07/2010 @ 23:17
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…
Comment by blackberryjuice1 — 06/07/2010 @ 23:46
great video i have value information about the topic if you want learn more you have an open invitation
Comment by forextrading11 — 07/07/2010 @ 00:34
your’s must be a mini not a standard account
Comment by pjblabla — 07/07/2010 @ 01:09
My pip value is a Dollar not ten dollars.
Comment by Budma30k — 07/07/2010 @ 02:09
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?
Comment by westpb01 — 07/07/2010 @ 02:46
Hi dave, how long do you think a trade ,has to be held before?
Comment by davidoffnow — 07/07/2010 @ 03:22
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 ?
Comment by retharford — 07/07/2010 @ 03:46
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thanks for sharing good stuff man
Comment by PAGGIzx — 07/07/2010 @ 04:06
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.
Comment by gaijinyakuzza — 07/07/2010 @ 04:18
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
Comment by InformedTrades — 07/07/2010 @ 04:41
what does he mean by 3 contracts?
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