Thanks for the clarification.
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DislikedAm back again. This time, i have attached an image to illustrate. Its from the FxPro-MT4 platform.
Supposing i want to use 2% of my capital $3000 (that is $60) to enter a trade on EURUSD @ 1.42054. I use a stop loss of 50Pips so that it kicks out @ 1.42554.
Qtn: Considering that i am cornered to include the leverage(1:500) before time, how much do i expect to loose or gain on this particular transaction?
Please show me the math.Ignored
DislikedOk. Thanks. I asked FxPro and they said they actually gives minilots upto 0.1 which is $10 per pip.Ignored
QuoteDislikedThis is what i had in my head. I dont know whether its correct.
No of Lots= [Amount Size * % Risk]/[No of Pips between ask price and SL * dollars/pip]
No of lots=[$3000 * 0.02]/[50*$10(1 pip on standard lot)]
No of lots=0.12 lots.
If 1 lot = $10
0.12 lots= 0.12*10 ($1.2 per pip)
Therefore 50pips loss would be what?
A 50pips profit would be what?
Is it the same(50 * 1.2)= $60????
Dislikedthe government should just gtfo.
if there is one thing i believe it is that the world as it is currently promotes idiocy and stifles intelligence. put a warning label on this. ban that. tax this so it costs more.
certain governments seem to want to wrap everyone into a nice tight ball of cotton wool padded safety and comfort, and then suck the dollars right out of everyone's bank account. the more they protect the stupid the more they allow them to flourish and breed.
i say make 1,000,000 : 1 leverage available. people will learn their lessons...Ignored