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Originally Posted by ampris2000
yes. when you start entering units you'll see the pip value change.
it should also show available units.
don't be in a hurry. you'll get it . don't make it more difficult than it is.
if you're on demo, just click around and put in numbers and stuff and see what happens. |
Ok, I see the value now.
The EUR/USD is at 1.1861 right now. When I put in "Units=10,000", I get "1 Pip = $1.00"
So, if I want 50 pips to be $40, I divide 40 by 50:
50 pip = $40.00
1 pip = $40.00 / 50 = 0.80
So I need to choose a size where 1 pip is equal to $0.80. I messed around and found the size to be 8000 units.
Ill have to sleep again before I can figure out how I get from 0.8 to 8,000, obviously mutliplying by 10,000, but I need to understand why.