CopyTrade by Top Pro FX
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But due to regulatory guidelines we are currently not offering any CFD’s trading services to NZ residents. If you have any more questions please feel free to contact us:

Email: info@topprofx.com
Phone: +64-9869-3961

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Forex Trading Examples

In forex you all must have heard people talking about a “PIP”. What is a “PIP”? It stands for Point in percentage and while trading in forex market we calculate our profit and losses via pips.

How to calculate profit and loss via a “pip”?
To calculate this first we need to confirm our size of trade or some also call it “lot size”. In MT4, a trade size of 0.01 lot means you are taking a position of 1000 units of that currency pair.

Similarly, 0.10 lot size will be of 10 x 1000 units = 10,000 units

Now we can come to the most commonly traded currency pair i.e: EUR/USD. Today’s rate for this EUR/USD currency pair is:
EUR/USD 1.0867 +0.0005 +0.05%

Expect JPY currency pair, in all other currency pairs “a pip is calculated to the 1/10,000 place” that will be “four” places to the right of the decimal. If the rate of EUR/USD goes up with 1 pip then it will be at 1.0868 and vice versa. In currency trading, it is all about the fighting for the “pips”.

Currency Pair MT4 - Lot size Pips fluctuation (+/-) Profit/Loss
EUR/USD 0.01 or 1,000 units 1 pip (+/-) $0.10
EUR/USD 0.10 or 10,000 units 1 pip (+/-) $1.00
EUR/USD 1.0 or 100,000 units 1 pip (+/-) $10.00

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Risk Warning: Trading in CFD’s carries significant risks and might not be suitable for all investors. Please ensure your know your risks and determine your risk appetite before trading as losses can exceed the amount deposited. Understand your financial position and only trade with the money which you can afford to lose. If you are unsure about the products and have any doubts then it's advisable to get an independent advice before trading. The Spreads for all of the instruments are subject to change without prior notice as these are entirely dependent on liquidity and market volatility.