Hi Guys! Name is Michael.
I am from Namibia, somewhere in Africa but im currently in Brazil.
In Metatrader 5 on the the thing that confuses me is about the Points and Pips. I understand that:
10 points = 1 Pip
100 Points = 10 Pips and so on, but once the trade moves it multiplies the money with Points and not Pips so I ended with this at my take profit level.
Spread: 6 Pips
Profit: 385.85 USD
My leverage is 1:50
I am trading 0.10 lots
Can you guys please help me with the maths?