I require some help on calculating the earning potential on say a 2000 dollar account, lets work on the following figures:
- Total Pips - 20 Pips a day
- Lot size - 0.05
I have calculated as follows:
20 pips x 0.05 = 1 Pip at 10 dollars a pip = 10 dollars a day ? Is this correct?
How do I factor the account size in to play around with scenarios ?