The equation for EUR/USD, GBP/USD, and AUD/USD is as follows:
P/L = (Opening Rate - Closing Rate) x Lot Size x Number of Lots
The equation for USD/JPY, USD/CHF and USD/CAD is as follows:
P/L = (Opening Rate - Closing Rate) / Closing Rate x Lot Size x Number of Lots
For standard account, 1 pip results $10 profit/loss in EUR/USD and GBP/USD, approximately $9 in USD/JPY, $8 in USD/CHF.
For mini account, 1 pip result $1 profit/loss in EUR/USD and GBP/USD, approximately $0.9 in USD/JPY, $0.8 in USD/CHF.
0 comments:
Post a Comment