Newbie calculate profit

[bighead87]

I am new to here, and want to ask what is the formula to come up with the loss of -103.65?

My buy price is 1.10472 sell price is 1.09973 Diff=0.00499

with 0.2 lot 

[anurag bhargava]

bighead87:

I am new to here, and want to ask what is the formula to come up with the loss of -103.65?

My buy price is 1.10472 sell price is 1.09973 Diff=0.00499

with 0.2 lot 

with a stop loss of 500 pips on a volume of 0.2, will fetch you a loss of 100$.

whats the problem

[Angelito Cartagena]

anurag bhargava:

with a stop loss of 500 pips on a volume of 0.2, will fetch you a loss of 100$.

whats the problem

I guess, 500 pips with volume of .2 will mean 1000$ loss in a standard account, unless you are using a mini account, there are a few brokers that institute 1$ per pip per one trading lot size, but majority of brokers are using standard account.

[William Roeder]

A PIP is defined as 0.00010 (or 0.010 for Yen pairs.)
           Percentage in point - Wikipedia

It's not 500 pips it's 500 points/50 pips. 0.00499 is 49.9 pips.

49.9 pips * 0.2 std lots * ~$10/pip/std lot = ~$98. If your account currency isn't Euro or CHF then there's an additional conversion factor, thus the approximate $10 per.