93. How to Calculate Forex Trading Profits and Losses

http://www.informedtrades.com/
A lesson on how to calculate profits and losses in the forex market for active traders and investors in foreign exchange and currrencies.

Category:

Howto & Style

Tags:

• forex
• forextrading
• currency
• trading
• demo
• fx
• daytrading
• day
• trade
• central
• bank
• stockmarket
• investing
• finance
• money

[horsefly4]

what does he mean by 3 contracts?

[InformedTrades]

Hi Horsefly4, When trading with most retail forex firms, they standardize the amount traded into contract sizes of either 1,000, 10,000, or 100,000 of the base currency. So in the above video when I say 3 contracts I mean 3 lots or 300,000 of the base currency. Best Regards,Dave

[blackberryjuice1]

Just a warning everyone. I've purchased Peter Bain's course as well as three other trading systems back in 2003-04 and have been attempting to trade forex for five years. My account balance is still below $100 even though I'm trading microlots. Forex is not get-rich-quick and you can spend years and still be unsuccessful despite buying several trading courses...

[sagar2807]

awesome

[TakeYourProfits]

@gdub12345 if you have any more questions feel free to ask me on the forum on my blog. the link is: takeyourprofits[dot]com/forum/

[TakeYourProfits]

@gdub12345 as far as your second question is concerned, you can TakeYourProfits or CutYourLosses whenever you CHOOSE to stop putting your capital at risk... there is no specified time that says you HAVE to hold anything... even options contracts can be bought or sold at will, the only thing you would have to worry about with an option contract is the expiration date... but if i were you i wouldnt even look at options right now... stick to basics first... i hope that helps...

[TakeYourProfits]

@gdub12345 it comes from whoever took the opposite side of the trade. it could be a company or it could be an individual trader, or it could even be a bank. it can be any one of the hundreds of millions of people who trade the markets across the globe. my question to you is, does it even matter? as a trader you should focus on your profits and your risk and thats about it... well, that is if you want to be profitable anyways.

[AbbyWorksTP]

Hello there your video has some very unique information that I have been searching for. Have you heard about 99RainPro Super Bot (do a search on google)? If you really want to trade every day you must check this out. My cooworker thought it was the deal and it made a lot of money

[laton2010]

Thanks great video. Forex is easy actually i am making tonnes of money

[gdub12345]

Noob Q; where does the cash come from if you make a profit, e.g. I put 200 dollars on EUR becoming stronger than the USD and it does, and I say make 210 dollars back so 10 dollars profit, does it come from a company who are effectively betting that you wont make a profit but will lose money or does it come from other people who bet the other way on that currency pair? Also once you have bought in to the position and see a profit can you just stop and take the profit or is there a contracted time

[SapereFX]

@tumadoireacht Nice work.