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SYMBOL

LAST

BID

ASK

HIGH

LOW

NET CHG.

%CHG.

SPREAD

SOURCE

SPX

S&P 500 Index

7365.45

7424.17

7347.60

-107.33

-1.44%

DJI

Dow Jones Industrial Average

51666.83

51872.56

51301.77

-45.87

-0.09%

IXIC

NASDAQ Composite Index

25587.05

25882.57

25513.26

-579.54

-2.21%

USDX

US Dollar Index

101.290

101.370

101.410

101.110

+0.160

+ 0.16%

EURUSD

Euro / US Dollar

1.13541

1.13549

1.13837

1.13377

-0.00270

-0.24%

GBPUSD

Pound Sterling / US Dollar

1.31924

1.31932

1.32087

1.31712

-0.00101

-0.08%

XAUUSD

Gold / US Dollar

4079.13

4079.56

4114.95

4050.25

-31.35

-0.76%

WTI

Light Sweet Crude Oil

71.800

71.830

73.018

71.551

-1.063

-1.46%

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Germany's IFO Business Climate Index Stood At 85.6 In June, In Line With Expectations And Up From The Previous Reading Of 84.9

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The Bank Of Thailand: Prepared For Sharp Fluctuations In The Thai Baht

Lin Honghong, Vice Chairperson Of The China Council For The Promotion Of International Trade (CCPIT), Met With Takaaki Hashimoto, Acting President Of The Japan Association For Trade Promotion And Member Of The House Of Representatives Of Japan

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Dave

Kung Fu

@DaveYes I agree I know a little of this math: a 0.01 lot size on Euro USD will buy 1000 units of Euro USD Thank you. it's something of that nature

@Kung Fuok

SlowBear ⛅ flag

Dave

@SlowBear ⛅u re welcome

@DaveYes i see you are doing amazing job

Dave

SlowBear ⛅

@DaveYes i see you are doing amazing job

@SlowBear ⛅still learning though

Kung Fu

Dave

For example 0.03 lot Eur/usd trade that moves 45 pips just. my favour. Eur/usd one standard lot is 100,000 unit. a pip =0.0001 price movement 100,0000×0.0001=$10 $0.03×$10=$0.3 0.30 per pip is my pips value. pip value is $0.30 p/l =+$13.50 profit

@DaveYes, I think one standard lot size on Euro USD and on any other major pair costs exactly $10 in a pop movement

EuroTrader flag

Dave

@DaveYou know there are tools that really can help you calculate this faster. lot size calculation tools

SlowBear ⛅ flag

Dave

@SlowBear ⛅learning though

@DaveSame here bro, it is apparent to note that the Yen pairs have a diffrent calculations and some Minor pairs like GBPAUD, EURCHF and EURGBP have a complete diffrent calculation

Kung Fu

@DaveYes, I think one standard lot size on Euro USD and on any other major pair costs exactly $10 in a pop movement

@DaveIs that correct?

EuroTrader flag

Dave

@SlowBear ⛅learning though

@DaveThe calculations becomes more tougher when you start calculating for Bitcoin and eth

Dave

EuroTrader

@DaveYou know there are tools that really can help you calculate this faster. lot size calculation tools

@EuroTraderI know just doing it manually

"SlowBear ⛅" recalled a message

Dave

Kung Fu

@DaveIs that correct?

@Kung Fuyes

Dave

EuroTrader

@DaveThe calculations becomes more tougher when you start calculating for Bitcoin and eth

@EuroTraderI dont trade those

EuroTrader flag

Dave

@EuroTraderI know just doing it manually

@DaveYeahh, that's true .doing it manually would ensure that you really understand the concept to the fullest

SlowBear ⛅ flag

SlowBear ⛅

@DaveSame here bro, it is apparent to note that the Yen pairs have a diffrent calculations and some Minor pairs like GBPAUD, EURCHF and EURGBP have a complete diffrent calculation

@DaveHowever i am here abd i am learning all along, you guys are doing great job!

Kung Fu

Dave

@Kung Fuyes

@DaveOkay, so what about the issue of fixed lot sizes? What is your view about fixed lot sizes?

Dave

SlowBear ⛅

@DaveSame here bro, it is apparent to note that the Yen pairs have a diffrent calculations and some Minor pairs like GBPAUD, EURCHF and EURGBP have a complete diffrent calculation

yeah also gold

SlowBear ⛅ flag

Dave

@EuroTraderI dont trade those

@DaveWell the fact that you do not tarde then does not mean you should not learn how their calculations is done smh boss

Pràìśè

Kung Fu

@PràìśèSome retail traders advise that one should have fixed lot sizes in trading any position. But I think differently. I have a different view on that. I feel lot sizes should be dependent on the distance between stop loss and entry price of an asset. What do you make of this?

@Kung Fuyea that's true trading any assets or commodity shouldn't have a fixed lot size, you would come out right when you calculate pip distances, that's why it advised that a forex calculator should be used before taking any trade. it literally depends on your entry if it's a sniper entry it gives you bigger lot, lower risk and higher reward like 1:5

EuroTrader flag

Dave

@EuroTraderI dont trade those

@DaveOhh 😮 that's cool. That means it's just Eurusd and gold you are focused on at the moment. It's cool

"SlowBear ⛅" recalled a message

Type here...

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Russia-Ukraine Conflict
Middle East Flashpoint

Mexico Retail Sales MoM (Mar)

Act:--

Fcst:--

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Release Time:

Release Schedule:Monthly

Data Source:Mexican National Institute of Statistics and Geography (INEGI)

Data Interpretation: Retail Sale is a statistical summary of the amount of retail sales, including the total value of goods sold in cash or on credit at all stores primarily engaged in retail business. Costs incurred in services are not included in retail sales. Actual Data>Forecast Data, Bullish for MXN; Actual Data<Forecast Data, Bearish for MXN.

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