ilmscore | Prediction Details
"so let me share with you the equation you need to figure this out what you need first is the amount of pips so we're gonna look at the amount of pips which is 100 we went up 100 pips in this particular case right so we have 100 pips times the amount or the value per pip in this situation based on your lot size so if we used a standard lot of 100,000 units and we know that a standard lot on the euro dollar is equal to ten dollars per pip then we would have our amount of pips times ten dollars per pip because we're using a standard lot and that we have to multiply by the amount of standard Lots in this case we just traded one standard lot so with this being the case how much money did we make on this 100 pip move on the euro dollar well the money would translate to one hundred times ten because we're using a standard lot and with a standard lot we are making and losing ten dollars per pip the value per pip is ten dollars we only traded one standard lot so therefore one hundred times ten is one thousand dollars is what you made or what we would have made on this 100 pip move out of the euro dollar"
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) 00:07:58 - 00:09:14
Interpreted Prediction
The profit is calculated as: (number of pips) x (value per pip based on lot size) x (number of lots). For 100 pips on one standard lot of EUR/USD, the profit is $1000 (100 pips * $10/pip * 1 lot).

Prediction Details

Topic
Forex Trading Calculations

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