So I’m currently still practicing with Oanda, but it’s going pretty good.
But there’s something that I’m still not really sure about and that’s PIP VALUES.
I know Oanda is different since they don’t work with lot’s, but with units.
When I open my real account with Oanda, I will start with �8000, with which i’ll have pip value of about �3.20 like in the practice account, but is that really right??
Because according to their way of doing, the pip value will increase every time my balance increases since i’ll have more units.
So I calculate it (but not to the decimal) and the pip value = balance * 0.0004.
example:
8,000 * 0.0004 = �3.20
10,000 * 0.0004 = �4
25,000 * 0.0004 = �10
But can this really be?
What if you’re able to make approx. 40 pips daily or higher ? [I](which I can, when I trade for a couple of hours, but only when I have no classes )[/I]
So I did some more math for if I made a constant 40 pips daily, 5 days a week, compounding it a whole year starting January.
[I]Don’t look at the tax part…it’s not the actual amount, just a example.[/I]
That can’t be right, can it?
That would be insanely much, insanely fast :eek:
20 pips a day would earn a lot less, but still about �6000 a month by December.
SOMEONE PLEASE TELLL THIS IS TRUE !!!