Margin used = your deposit to open the trade, this is
refundable at the end of the trade.
Your 2% risk is on drawdown or stop loss, so on your figures,
$1000 - $23.70 (margin) = $976.30/0.02 (2%) = $19.52.
$19.52/0.08 = 244 pips.
Now work it out on 7 500 units, 10 000 units, 100 000 units, etc.
If you untick the stop loss & take profit in your Oanda market
order window then tick them both again the figures will change
to your S/L & T/P, but the longer you spend waiting to place the
order the price will be moving up or down so the S/L & T/P will
not be valid.
You can set these figures in your user preference window.
This is the reason for demo, get to know your platform, change all
the leverage, make mistakes, correct them, then when you are
ready go live.
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