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Re: what the? fx confusion again



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Hi C,

If you're really interested - download a demo account from FXCM.com and try it
out.  That way you can see exactly what each trade is worth.  They do the
conversions for you.

At 100k per trade each pip is $10 in the base currency.  A 10k trade is $1. A 1m
trade is $100.

Larry

C wrote:

> Hi all
>
> looking at some fx trading , and i found this info at this site
> http://www.mataf.net/en/analysis-pipvalue.htm
>
> Pair            Pip value (100k contract)
> AUD-USD 10
> USD-HKD 1.29
>
> so ummmmm 1 pip price change for aud-usd= 10$ usd ? or aud?
> and so
> 1 pip price change for usd-hkd = 1.29$ usd or hkd , these seems very small ,
> what gives with this , is this right?
>
> Cheers
> cam
> --