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How much is 1 pip worth in forex trading?
I 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?
Public Response to How much is 1 pip worth in forex trading?
- Assuming your trading 1 full contact the pop movement is $10 Maybe you should halt trading for the moment and learn more . I recommend WWW.babypips.com has a great school section. Also try some demo trading. Allowing the practice without the risk
- it depends really on your capital. You can trade 1 pip =$10, 1 pip=$1 or even less
- 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.
