If I open account with 250$ and have 10,000$ on fx account and if i open position with 1,000$ at 11,800 and close position at 12,500 how much money i have now and what is a “formula” to calculate that?
My english is bad but i hope anyone who read this would NOT give me a hard time. and answer my question.
It does in that 1000 in a non-USD base pair (i.e. EUR/USD) has a fixed $ value per pip while 1000 of a USD base pair (like USD/JPY) does not.
Regardless, though, the change in your position value is the same % as the change in the exchange rate. You example represents an increase of about 5.9% in the rate. That means a $1000 position would rise in value by about $59.
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