Just to get thing straight. If I had $500 in my account and I bought the EURUSD at 1.4131, at a volume of 0.1 at a leverage of 100:1, how much would my profit/loss be? Is there an easy calculation for this. Thanks
If it’s a mini account, it would likely be $0.10 a pip.
A question like that tells me you haven’t played with a demo account enough.
Don’t open a live account until you’re at least familiar enough with those kind of things from a demo, that they are second nature.
Gee’s here we go again, sorry olli32, but this kind of question gets asked time and time again, forget about the leverage, it will be 0.1 however much that is, I think it’s more likely to be $1 rather than $10, but whatever it is, it’s just that multiplied by the number of pips you’ve won or lost.