anuj7
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Best Trading Foreign Exchange and Pip
A "pip" is the smallest increment in any currency pair.
Using USDJPY as an example, this yields:
(.01/130.46) x USD10,000 = $0.77
or 77 cents per pip
Using EURUSD as an example, we have:
(.0001/.8942) x EUR10,000 = EUR 1.1183
But we want the pip value in USD, so we then must multiply EUR1.1183 x
(EURUSD exchange rate
As a newbie i learnt under forex-metal tutorials so sharing with you guys
A "pip" is the smallest increment in any currency pair.
Using USDJPY as an example, this yields:
(.01/130.46) x USD10,000 = $0.77
or 77 cents per pip
Using EURUSD as an example, we have:
(.0001/.8942) x EUR10,000 = EUR 1.1183
But we want the pip value in USD, so we then must multiply EUR1.1183 x
(EURUSD exchange rate
As a newbie i learnt under forex-metal tutorials so sharing with you guys