VTtrader, Profit/Loss per pip question
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| Peter228 |
 Jul 27 2006, 04:08 PM
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#1
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Newbie  Group: Members Posts: 1 Joined: 20-May 06 Member No.: 156  |
Can anyone tell me how to work out how much I'm risking for each pip when trading?
I'm a newbie, and I'm practicing with a demo account. I thought that if I entered 1.0 in the trade window when buying or selling I would be risking £10 per pip (I opened the demo account in GBP). However, this doesn't seem to be the case. Can anyone help? Thanks. Peter. Ps - really enjoy reading all the comments on this forum. Also love the Currency Trading, Tornado Trend and Charting CDs my wife bought for me as a present. Thank you John, really helpful advice. |
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| smithy |
Aug 2 2006, 02:08 PM
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#2
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Newbie Group: Members Posts: 1 Joined: 2-August 06 Member No.: 353 |
QUOTE(Peter228 @ Jul 27 2006, 05:08 PM) Can anyone tell me how to work out how much I'm risking for each pip when trading? I'm a newbie, and I'm practicing with a demo account. I thought that if I entered 1.0 in the trade window when buying or selling I would be risking £10 per pip (I opened the demo account in GBP). However, this doesn't seem to be the case. Can anyone help? Thanks. Peter. Ps - really enjoy reading all the comments on this forum. Also love the Currency Trading, Tornado Trend and Charting CDs my wife bought for me as a present. Thank you John, really helpful advice.  Are you using a spread betting account? Normally 1.0 is £1/pip. 0.5 is 50p/pip. Hope this helps Colin |
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| knarfly |
Mar 21 2007, 10:30 PM
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#3
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Newbie Group: Members Posts: 7 Joined: 25-August 05 Member No.: 45 |
QUOTE(Peter228 @ Jul 27 2006, 05:08 PM) Can anyone tell me how to work out how much I'm risking for each pip when trading? I'm a newbie, and I'm practicing with a demo account. I thought that if I entered 1.0 in the trade window when buying or selling I would be risking £10 per pip (I opened the demo account in GBP). However, this doesn't seem to be the case. Can anyone help? Thanks. Peter. Ps - really enjoy reading all the comments on this forum. Also love the Currency Trading, Tornado Trend and Charting CDs my wife bought for me as a present. Thank you John, really helpful advice. |
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| knarfly |
Mar 21 2007, 10:33 PM
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#4
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Newbie Group: Members Posts: 7 Joined: 25-August 05 Member No.: 45 |
QUOTE(knarfly @ Mar 21 2007, 11:30 PM) Trading VT, 0.1 = £1 if your account is £'s and not $. If you trade 1.0 you're on £10 a pip A $ is 50p, so if your account is in $ you can trade for as litle as 50p |
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