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 Comments
1. 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
2. it depends really on your capital. You can trade 1 pip =$10, 1 pip=$1 or even less
3. 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.