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Kuroneko1985
Calculation on forex profit
em
Novos Negociantes
Mar 21 at 23:04
On the stock market, it works like this: Apple trades 55 million shares per day, profit per share: 0.01, so if you multiply this, you get 500,000 in profit per day. Correct me if I'm wrong. How do I calculate this in forex?This is the answer I got from ChatGPT:For example, in EUR/USD (Euro/Dollar), the daily trading volume is 600 billion, and the price is, for example, 2. Now, you divide 600 billion by the price, and you get 300 billion units per day. You then divide this amount by 1 lot, which is 100,000. The result of this calculation, 3 million, is then multiplied by the number of pips ...
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