I have been trading forex for a little while and am still confused as to how I can calculate the value of each pip change in my trades. That is, how much will I profit or lose by a change of 1 pip in the currency pair?

Full contract: 1 pip = $10.00
Mini Contract: 1 pip = $1.00
(These amounts are approximate…… some pairs they will be exact)

You are on your way to losing most of your money… if you don’t take 6-12 months reading several books on trading & several books on FOREX Trading.

And always remember….. paper trading results mean totally nothing.

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