Learning How To Calculate Profit Is Important

[Sarfraaz Yousuf]

 

• A pip is the measure of change value between the two currencies and one pip is equal to 0.0001 of the change in value

 

Multiplying the number of pips with the exchange rate is needed which tells how much the account has appreciated or depreciated in value . Get Best Brokers in http://alpari.com/

 

[Curtis Leoper]

Choosing a broker is the hardest part of forex trading. If you choose the wrong one then there will be a chance to lose your big capital. I have chosen Circle Markets due to their reliability. They are a true ECN broker and allowing me to trade with 35 different currency pairs, 11 commodity markets. They are active 24/7 to assist their clients all over the world in 20 different languages.

[pradegxs]

I use fixed TP in my trading with Hotforex so my profit expectations are fixed, same as losses. You have to keep your trading under control if you want to reach success and avoid wipeouts

[mang_ncep]

With the high risk in forex trading learning to calculate profit is important, this is one from the risk management, trader need  to calculate the risk and profit to minimize the loss possibility. I use trading calculator from FXB Trading to calculate the risk that i may face and profit that i may get, they provide pivot calculator, fibonacci calculator, deal size calculator and correlation calculator in their web.