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Originally Posted by MickMason
Strewth, that's a lot of numbers!
Risking $40 with a stop of 30pips means a trade of 13k ($40 divided by 30pips = $1.33 per pip)
Mick
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Isn't that formula too simple? Where is leverage accounted for? Where am I wrong in my steps?
I am preparing my USD/JPY example, but it is based on the one you said was wrong. So I need to understand where I went wrong.