So say I have £500 in my account, to apply your formula I would: £500 x 1% = £5.00 Say the difference between the stoploss and entry point is 20 pips, so £5.00 / 20 = 0.25. So that's £2.50 per pip? Correct me if i'm wrong.
Hi there, I've just recently got in trading (Forex) and i'm loving it at the moment. I have one question I want to ask. I've learned (the hard way) how news seriously effects trades. Yesterday there was news coming out of the USD market on ADP ...