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What is a profit in Forex
A profit in Forex is calculated by the number of lots bought times the number of pips gained. The value of a pip may vary currency to currency . In the Euro versus the US dollar (EUR/US ) each pips value is $1. A placed trade at $1 per pip with a gain of 300 pips, 500 pips or 1000 pips produces a significant gain.
300 pips x $1 $300 in profit
500 pips x$1 $500 in profit
1000 pips x $1 $1000 in profit