ilmscore | Prediction Details
"what you are saying is broker I want 20,000 euros and they are going to Matt that's gonna be a little more difficult here hold on they're going to charge you let's bring a calculator over 11.0 802 Thoms 20,000 when they do that they're gonna be charging you twenty one thousand six hundred and four dollars so when they're charging you twenty one thousand six hundred and four dollars you're holding 20,000 units of euro so while you hold that 20,000 units Bureau just as in our last example the euro goes up a hundred pips so you still have that same twenty thousand euros except now you have to multiply that twenty thousand units that you're holding times the new exchange rate of 1.0 9:02 which means when you give them that twenty thousand units back they owe you twenty one thousand eight hundred and four dollars giving you that two hundred dollar profit"
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) 00:13:00 - 00:14:11
Interpreted Prediction
Buying 20,000 EUR/USD at 1.0802 costs $21,604. A 100 pip rise to 1.0902 means the 20,000 EUR is now worth $21,804, yielding a $200 profit.

Prediction Details

Topic
Forex Trading Calculations

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