How much money can I make off this forex trade? What kind of returns can I expect?
Isn’t that what we do think at some point as we build a trade? It’s a perfectly natural question. We’re forex traders and we trade money for money.
There is a way to make some calculations that go beyond wishful thinking or optimistic guess work. I call it “MVP”: Margin, Volatility, and Price.
With some simple arithmetic, I can take some basic information like margin and pip value, crunch that with some daily pip movement ranges and get a realistic ROI. In tonight’s video I take a recent trade and contrast it to other pairs to show you how you can do the same before you take a trade.
Questions? Comments. Leave them here at the blog!
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