SL / TP Calculation
chandra100:
Given the entry price, type of order, lot, SL Price and TP Price.
How to calculate SL and TP in USD ?
Hi Balachandran, to figure out this you need the symbol (pair) too.
Anyway, as you are looking for Forex trade sizes, I suggest you start looking for notional values meaning (as article below, for instance).
http://www.dailyfx.com/forex/education/trading_tips/post_of_the_day/2013/07/19/Notional_Value_Article.html
Understanding Forex Trade Sizes Using Notional Value
- Rob Pasche
- www.dailyfx.com
Each Forex trade is placed by selecting the number of lots you would like to control. What many beginner (and some intermediate) traders don’t understand, is that the size of your position depends as much on the currency pair being traded as it does the amount of lots selected. There is a common misconception out there with new Forex traders;...
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Given the entry price, type of order, lot, SL Price and TP Price.
How to calculate SL and TP in USD ?