Forex Trading - Profit and Loss Calculations

You will be able to keep tabs on your brokers honesty that way, but you will also have surer footing yourself as a trader if you know all of the fine details behind those calculations you depend on so much. USD is the quote currency and we will also say that the broker requires 1% margin. This means that you can trade $100,000 in currency for only $1000. Therefore, you buy $100,000 worth of units at 1. If you trade $100,000 in a currency pair with the US dollar the quote currency, a pip will be worth $10. When the US dollar is the base currency, let's say you buy 100,000 units of USD/JPY (Japanese yen) at 117. Read More Here

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