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This looks correct. But also if the quote currency of the pair is diffrent from my account I would have to another calculation?
This looks correct. But also if the quote currency of the pair is diffrent from my account I would have to another calculation?
Normally no, at least not with forex pairs because their tick value is already converted to your account's currency.
Normally no, at least not with forex pairs because their tick value is already converted to your account's currency.
Thank you!
Thank you!
People rarely use nominal value, I personally don't see a need for it, but if that's what you were looking for, you're welcome!