Hi,
I am just trough with the School section and I am working on figuring out a trading system:)
But here is one question:
Lets assume the following: 10k$ Bankroll, 1% risk management and the person trades the USDEU only.
The persons makes 4000pips over a decent amount of times.
How can I calculate what the winnings would be? Can someone provide me with the formula:)
Heres what I found when googling:
(0,0001 / 1,2653) x 100.000 EUR = 7,90 EUR
7,90 EUR x 1,2653 = 9,99587 = 10 USD
This is what one pip is worth, but it isnt in relation with my Bankroll and my Risk management.
Hope someone can help me out.
Tx in advance.