newbie question

Discussion in 'Forex Trading' started by rik9876, Nov 22, 2005.

  1. rik9876

    rik9876

    If i was trading the usd/cad pair with a 1,000.00 account at a 100. 1 What would each pip give me in profit. thanks
     
  2. Assuming you mean "at 100:1 leverage", you can open up to a 100,000 USD/CAD position. At that position size, each pip is worth USD 8.45, at current price level.

    In general, 1 USD/CAD pip per lot = 10 / Exit Rate, where Exit Rate is the price at which you CLOSE the trade, e.g., 1.1834.

    http://www.oanda.com/products/fxmath/profit.shtml
     
  3. rik9876

    rik9876

    thanks, late apex for answering my newbie question.