Hi,

Being a newbie I am having some trouble witht the maths of leverage etc.

In a book I purchased it gives an example:

1 lot (100,000) EUR base currency

50:1 leverage, or 2%

quote currency USD

Profit 300 pips

So,

USD10.00 x 50:1 x 300 pips =USD 60,000

When I do this on my calculator it only gives me 60, not 60,000

Where am I going wrong with my calculation?

Thanks in anticipation

Zygons

Being a newbie I am having some trouble witht the maths of leverage etc.

In a book I purchased it gives an example:

1 lot (100,000) EUR base currency

50:1 leverage, or 2%

quote currency USD

Profit 300 pips

So,

USD10.00 x 50:1 x 300 pips =USD 60,000

When I do this on my calculator it only gives me 60, not 60,000

Where am I going wrong with my calculation?

Thanks in anticipation

Zygons