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93. How to Calculate Forex Trading Profits and Losses

This entry was posted on Tuesday, July 20th, 2010 at 12:37 am and is filed under FX Software. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

15 Responses to “93. How to Calculate Forex Trading Profits and Losses”

  1. excellent information, …
    excellent information, thank you

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  3. Sounds like your …
    Sounds like your pip values are too small. With a $100 you’re making $1 per pip or less right? Conversely, if you’re able to trade at $10-$20 per pip you would hopefully, using sound judgement and proper money mgmt, see larger profits.

  4. tumadoireacht on July 20th, 2010 at 12:37 am

    i am day trading …
    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 .

  5. blackberryjuice1 on July 20th, 2010 at 12:37 am

    Just a warning …
    Just a warning everyone. I’ve bought 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…

  6. forextrading11 on July 20th, 2010 at 12:37 am

    fantastic video i have …
    fantastic video i have value information about the topic if you want learn more you have an open invitation

  7. your’s must be a …
    your’s must be a mini not a standard account

  8. My pip value is a …
    My pip value is a Dollar not ten dollars.

  9. So have I got it …
    So have I got it right in saying that if you make a buy 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 the p/l you have encountered so far?

  10. Hi dave, how long …
    Hi dave, how long do you reckon a trade ,has to be held before?

  11. hi Dave ,, really …
    hi Dave ,, really loved 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 reckon the pip cost will be $1 if US is the counter price right ?

  12. I really liked your …
    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 incredible. I reckon they have a free demo to try as well autotextsender.(c0m) God Bless!

    thanks for sharing excellent stuff man

  13. gaijinyakuzza on July 20th, 2010 at 12:37 am

    hey fantastic videos, …
    hey fantastic videos, do you have any tips on how to make excellent profits i am barely breaking even i have too many pips help.

  14. InformedTrades on July 20th, 2010 at 12:37 am

    Hi Horsefly4, When …
    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

  15. what does he mean …
    what does he mean by 3 contracts?

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