How to Get Profit?
Profit is calculated using basic business concepts, namely:
Purchase price = low profit (buy low) and sell with high price (sell high)
For the above example, say we buy at the price of 1.8900, and 1.9000 after the price increase until we sell the currency. Therefore, we have 100 pips profit. (1.9000 - 1.8900 = 100)
Trader profit by collecting pips. Pip is the price movement of 0.0001 or 0:01 depending on the currency pair you choose.
1 pip value depending on the type of account and a lot you use.
Purchase price = low profit (buy low) and sell with high price (sell high)
For the above example, say we buy at the price of 1.8900, and 1.9000 after the price increase until we sell the currency. Therefore, we have 100 pips profit. (1.9000 - 1.8900 = 100)
Trader profit by collecting pips. Pip is the price movement of 0.0001 or 0:01 depending on the currency pair you choose.
1 pip value depending on the type of account and a lot you use.
Pip is a unit of measurement of price movements. If the price increased from 1.9005 to 1.9006, it is said to have increased 1 pip. When the price down from 1.9005 to 1.9004, it is said to have been down 1 pip.
1 pip = 0.0001 or 0:01 depending on the movement of units of currency pair you choose.
In the next figure, GBP / USD 0.0001 a unit of measurement for 1 pip.
In the next figure, USD / JPY has 0001 units of measurement to 1 pip
1 pip = 0.0001 or 0:01 depending on the movement of units of currency pair you choose.
In the next figure, GBP / USD 0.0001 a unit of measurement for 1 pip.
In the next figure, USD / JPY has 0001 units of measurement to 1 pip
4:01 AM
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Profit from Forex
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