Hi traders! I just want to ask how i am 300 pips i profit, but i got 2.11 $. Here’s picture
Home » Daily Trading Signals » Hi traders! I just want to ask how i am 300 pips i profit, but i got 2.11 $. Here’s picture
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Lot size!
thts 20 pips
0.01 x 10 pips = $1.00
0.01 x 20 pips = $2.00
Lot size and currency value. It’s 30.9 pips, so 3.09 NZD from lot size. Converting back to USD based on 0.6828 where NZDUSD is currently: 3.09 x 0.6828 = 2.11 USD
It’s 30.9 pips with 0.01 lot size, it’s 10x less then you thought as the pip count is 10x less then you counted.
Non-JPY pairs you mark a pip at 4 decimal. 0.00010 it’s 1 pip. JPY pairs it’s at the second decimal 0.01.