Forex Version XI, Foreign Exchange Market Discussion
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 May 19 2013, 10:56 PM
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#1
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Senior Member
2,081 posts Joined: Mar 2012 
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Hi, someone mind explaining to me this 2 trade?
1. USDCHF - buy 0.5 2. AUDJPY - sell 0.5 What does the buy and sell means, and the 0.5. Someone mind explaining to me the trade above? Did a virtual demo trade on MT4. Hence the questions. Thanks. |
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May 20 2013, 07:10 AM
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#2
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Senior Member
2,081 posts Joined: Mar 2012
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QUOTE(Varia @ May 20 2013, 12:28 AM) 1. USDCHF buy 0.5 mean that you are buying USD for CHF at the size of 0.5 lot Which means how much am I investing per pips?2. AUDJPY sell 0.5 mean you are selling AUD for JPY at the size of 0.5 lot  |
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May 20 2013, 12:49 PM
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#3
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Senior Member
2,081 posts Joined: Mar 2012
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QUOTE(danokchonger @ May 20 2013, 12:21 PM) abt $5/pip. So my profit should be total pips (between entry price and TP) - spread * lot?if ur trading systems incorporates 50pips stop loss, it means abt $250 risk, per trade. if ur trading acct is $10k, the risk to capital is abt 2.5%. |
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