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Old 26-10-2009, 15:34
Level III Lasers Member
Join Date: Mar 2009
Posts: 60

Originally Posted by AshFX View Post
Well think about it, if you closed the whole trade at the first TP, it means you wouldn't have any trade open (to reach the next TP). So that's why you half the pips, because we close half the trade.

No, in this case you wouldn't half the pips, rather you would one-third the pips. So in total you'd have (150 + 100 + 50 = 300, then / 3 = 100). This is assuming at each TP you close a third of your position.

where could i get more info on this as i need to understand it more

Old 26-10-2009, 18:47
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Join Date: Oct 2008
Posts: 865

Originally Posted by buffer View Post

where could i get more info on this as i need to understand it more

I'm not sure to be honest. I guess it's just one of those things that will "click" when you continue to trade forex and obtain experience. My advice would be to start to understand the concept of lots. Download MT4 and demo trade it for a few weeks, you'll get the hang of it.
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