ilmscore | Prediction Details
"we'll keep the math easy with a 100 pip move except now instead of trading one standard lot we're going to assume that you we do a little bit of a difficult thing here a little more difficult as we go let's assume you want to trade - mini Lots so you're trading - mini Lots and do you remember what a mini is a mini is you holding 10,000 units of currency so if you're trading to minis you're holding 20,000 units of currency a mini is worth $1 per pip meaning the value of a pip if you're trading a mini lot is $1 so in this case the market goes up by 100 pips so our equation would still be pips would be 100 time's the value per mini lot per pip when you're trading a mini lot which is $1 times the amount of mini Lots you're trading which is - meaning that you're your profit on this trade if you were trading a mini lot would be 100 times 1 which is 100 times 2 which is the amount of mini lot you're trading so you would have a profit of $200 on this particular trade"
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) 00:11:45 - 00:12:56
Interpreted Prediction
Trading two mini lots (20,000 units) on a 100 pip move results in a $200 profit, calculated as 100 pips * $1/pip * 2 lots.

Prediction Details

Topic
Forex Trading Calculations

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