im new in forex trading, i want to know if im trading with a volume of 0.01 what will it give me per pip in dollar
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Dislikedim new in forex trading, i want to know if im trading with a volume of 0.01 what will it give me per pip in dollarIgnored
DislikedThat's not exactly right. It's $0.10 only if the broker uses standard (100k units) lots, and on EURUSD.
At least in your first stages, you better check before each trade, since the pip value varies based on which pair you're trading and on the pair value. Your broker should have a "pip value calculator" tool; otherwise, just google that term and you'll find plenty of those on the net.Ignored
DislikedGood for you J,that's smart -starting out trading live at 10 cents a pip.
You'll learn a whole lot more doing that,rather than spending years posting on here and doing only demo accounts...like what most all seem to do.
8 cents,12 cents, 10 cents who cares? You won't make much but you can't lose much either.
Then start trading multi lots,then work your way up to mini lots.
Then trade muliple mini lots until you make the jump up.Ignored
Dislikedim new in forex trading, i want to know if im trading with a volume of 0.01 what will it give me per pip in dollarIgnored