Forex newbie question (on IB platform)

Discussion in 'Forex' started by Option Trader, Nov 9, 2006.

  1. I have not really traded Forex before:
    What does trading $25,000 USD/JPY at a one cent profit (e.g. 117.500 to 117.510 mean after commissions with IB? (It's after hours, so I can't tell).
  2. Can anyone help me?
  3. Thanks.
  4. commission is calculated after the trade. they are not combined into the prices.
  5. Got ya'.
  6. Better make that RT:

    You mean 1 pip profit.

    Gross P&L = +$2.12
    Comm. = -$5.00 (-$2.50x2)
    Net P&L = -$2.88
  7. notouch


    If you've not traded forex before I definitely wouldn't start with IB.