Profit & Loss of FX Trades in Pips and Dollars
This lesson is part of the course
In this lesson
You work out pips, P&L in the quote currency and P&L in USD for six closed trades, long and short, and add them up correctly.
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Lessons in this course
- Reading FX Quotes: Base, Quote, Bid, Ask & Pips Locked
- Pip Value per Lot & Conversion to USD Locked
- Profit & Loss of FX Trades in Pips and Dollars Locked
- Leverage, Margin & Margin Level Locked
- Position Sizing from Risk % and Stop-Loss Locked
- Risk-Reward Ratio & Break-Even Win Rate Locked
- Cross Rates & the Triangular Check Locked
- Swap Costs, Trade Journal & Expectancy Locked