How do I gauge it? My broker says $1 per pip. I use 100:1 leverage. The currency moves up 5 pips. I obtain $5? The currency loses 5 pips. I lose $5? Please account for.

---

The Penalty per pip depends on the currency you are trading and the position size you enter the merchandise with. Here are a few examples that could be helpful:

Trading the GBP/USD with a position size of 0.1 lots(1 mini-lot) you will be

Recently I opened a mini forex account with salesman (USD 100) and while searching through net I found there are so many forex predictions are available by spending some money. Being a midway class person its not affordable to me. So if you have any

---

The other responses have hit obsolete on. I would not trust a signal service or prediction service. If they make claims of 70-100% correctness, then they are better off trading with it themselves instead of sharing the secret with you for a small "mean-class"

this stockbroker offers 200:1 for minis, but 100:1 for standards.
I don't think I'll as a matter of fact try more than about 50:1, but w/e, so is lot size of 100,000 considered and advantage because you don't have to get bas busy to hit pay dirt

---

Even though I occupation fx, the leverage part always kind of baffled me. Leverage determines how much margin you need to put up. For criterion in a std. account, 1 lot = $100,00, so a leverage of 100:1 in a std. account means $1,000 allowance per lot.