ilmscore | Prediction Details
"so let's move into this on the euro dollar trade here if we have the euro dollar at 1.0 802 we trade one standard lot a hundred thousand units of this currency and we do so at one point Oh 802 and this market moves to 1.0 902 going up we bought we wanted the market to go up and we take profit at 1.0 902 how much money did we makes if you can calculate how much money we made based on this trade remember a standard lot is 100,000 units of currency and with that 100,000 units of currency on any pairs ending in USD we're making and losing exactly 10 dollars the value of a bib is exactly ten dollars"
By The Trading Channel (The Trading Channel) | April 2, 2020 | Pending
From video
Forex: How To Calculate The Value Of A Pip (Beginners Must Learn This First) 00:07:10 - 00:07:55
Interpreted Prediction
A 100-pip profit on a standard lot (100,000 units) of EUR/USD results in a $1000 gain because each pip is worth $10 for USD pairs.

Prediction Details

Topic
Forex Trading Calculations

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