hi, just need to check if my calculation for pip movement is correct:
USOIL 82.00 (1 lot)
(.01 / 82.00) x 100,000 = $12.20 per pip
XAU_USD 1195.91 (1 lot)
(.01 / 1195.91) x 100,000 x 1195.91 = $1,000 per pip
correct?
USOIL 82.00 (1 lot)
(.01 / 82.00) x 100,000 = $12.20 per pip
XAU_USD 1195.91 (1 lot)
(.01 / 1195.91) x 100,000 x 1195.91 = $1,000 per pip
correct?