So lets say I open up a trade with 0.30 standard lot size...
If I buy EUR/USD at 1.30365 and the price goes up to 1.30395...which is 30 pips...would that mean that I would get $3 per pip ?
So...0.30 lots = 30,000 = $3/pip.
So a buy at 1.30365 on eur/usd that goes up 30 pips which would be 1.30395 would earn me $90 with 0.30 lot(s) ?
Am I getting this correctly ?
If I buy EUR/USD at 1.30365 and the price goes up to 1.30395...which is 30 pips...would that mean that I would get $3 per pip ?
So...0.30 lots = 30,000 = $3/pip.
So a buy at 1.30365 on eur/usd that goes up 30 pips which would be 1.30395 would earn me $90 with 0.30 lot(s) ?
Am I getting this correctly ?