Hey David,

I was a little confused regarding the number of contracts.

When you gave the example: "I would simply multiply the pip value of USD/CHF which as of this lesson is $9.95 by 100 which would give me $995. This is my potential profit on the trade per 1 contract. As I am trading 3 contracts I would then multiply $995 times 3 which would give me $2985 in potential profit on the trade. "

When you say 3 contracts, do you mean 3 out of the traditional 100 contracts?

Or do you mean 3 open positions with 100 contracts each, with a total of 300?

I hope that's not confusing and you understand what I'm asking.

Thanks in advance.

Sincerely,
Bill