Capital $500 SGD
Account Leverage 50:1
EUR/USD pair
1 pip = SGD $1.75
If I aim to win SGD $120 per day, is it right to calculate it to be : 120 / 1.75 = 70 pips (target pip to win)
If I increase my capital by 2 times:
Capital $1000 SGD
Account Leverage 50:1
EUR/USD pair
1 pip = SGD $1.75 x 2 = $3.5
If I aim to win SGD $120 per day, is it right to calculate it to be : 70 / 2 = 35 pips (target pip to win)
And so technically speaking:
Does it means to say that by increasing my capital, I would have higher gain, and therefore my targeted pip to win a SGD$120, decrease in ratio?