How much is 1 pip worth in forex trading?
Sunday, May 8th, 2011I have been trading forex for a little while and am still confused as to how I can calculate the value of each pip change in my trades. That is, how much will I profit or lose by a change of 1 pip in the currency pair?
Full contract: 1 pip = $10.00
Mini Contract: 1 pip = $1.00
(These amounts are approximate…… some pairs they will be exact)
You are on your way to losing most of your money… if you don’t take 6-12 months reading several books on trading & several books on FOREX Trading.
And always remember….. paper trading results mean totally nothing.
More Free Price Action Forex Videos Here – http://www.learntotradethemarket.com/category/trading-videos/ Set and Forget Forex Trading – http://www.learntotradethemarket.com/trading-videos/set-and-forget-forex-trading-strategy-video-1/
http://www.ForexPowerTradingSystem.com – Candlestick Trading Series video 2 – Understanding candlesticks as they apply to the Forex market. We will cover the most basic to advanced. Keep checking back for new videos.