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HELP please witha USD/CHF trade.......
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HELP please witha USD/CHF trade.......

  #1 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
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mdsvtr's Avatar
 
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HELP please witha USD/CHF trade.......

I am currently in a live trade on the USD/CHF and i entered at the price of 0.91823 it's currently showing I have a gain of 11.00 pips so far. I'm trying to figure out how much profit in US dollars that is . From what I've gathered, that would be $50 profit right ? I bought into this position with the full $50 I had gotten for free when I initially opened an account with FXCM strategy trader. Anyways, are my calculations way off, or am I close? Thanks man How have you been ? Thankv you guys for the help, I really appreciate it - Mike

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  #2 (permalink)
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  #3 (permalink)
Elite Member
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What size is the position? How many lots?

Before you attempt to beat the odds, make sure you can survive the odds beating you.
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  #4 (permalink)
Trading Apprentice
Leicester England
 
Futures Experience: Beginner
Platform: NinjaTrader, MT4
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Hi,

use a Pip Value Calculator

Pip Calculator | Forex Pip Value Calculator

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  #5 (permalink)
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mdsvtr View Post
I am currently in a live trade on the USD/CHF and i entered at the price of 0.91823 it's currently showing I have a gain of 11.00 pips so far. I'm trying to figure out how much profit in US dollars that is . From what I've gathered, that would be $50 profit right ? I bought into this position with the full $50 I had gotten for free when I initially opened an account with FXCM strategy trader. Anyways, are my calculations way off, or am I close? Thanks man How have you been ? Thankv you guys for the help, I really appreciate it - Mike

Mike, this depends on your position size. NEVER, EVER TAKE A TRADE WITHOUT KNOWING THIS BASIC INFORMATION. This is numero uno.

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