Month: August 2013

I create these reports for several reasons. First, it sort of like an online journal for me to go back in the future. By doing this little thing, it helps me to keep track of how I’m progressing in my trading journey Secondly, I want to be the FIRST forex trader who is transparent about … Read more

Pip value 0.01 lot = $0.1/pip, hence for 10 pips = $1 0.10 lot = $1/pip, hence for 10 pips = $10 1.00 lot = $ 10/pip, hence for 10 pips = $100   To calculate the lot size: Lot size = % employed capital / (pips x $10) Eg: Employed capital = $1,000 2% … Read more