ilmscore | Prediction Details
"so let's move back to placing a buy order with one standard lot on the euro dollar if you're doing this essentially you are telling your broker that you are going to won't 100,000 euros not 1 million euros what am i doing 100,000 euros so if you're gonna purchase 100,000 euros your brokerage is going to charge you the exchange rate that the market it currently has which is 1.0 802 100,000 times 1.0 802 would be they will charge you one hundred and eight thousand and two dollars so that's what you're being charged to get one hundred thousand euros your Dro ker gives you that one hundred thousand euros they get one hundred and eight thousand and two dollars from you from your account then you are holding that one hundred thousand euros waiting on the market to either rise or fall waiting on the Eurodollar day the rise or fall in this case you bought the euros and the market went up from 108 o - to 109 o - meaning that you still have the same 100 thousand euros that you are holding but now instead of them having a value of 108 thousand and two dollars they now have a value because of the difference in the exchange rate the exchange rate has went up they now have a value of 109 thousand and two dollars and that's where you're getting that one thousand dollars if you're trading a standard lot"
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) 00:10:05 - 00:11:34
Interpreted Prediction
Purchasing 100,000 EUR/USD at 1.0802 costs $108,002. If the price rises to 1.0902, the same 100,000 EUR now has a value of $109,002, resulting in a $1000 profit for a standard lot trade.

Prediction Details

Topic
Forex Trading Calculations

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