Can anyone tell me how to calculate how much money 1 pip will give you? I know it depends on each currency, but could you show me a few examples with the majors?
thanks
thanks
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So that means that the pip value for USDJPY (being 2 decimal places) is:
100,000 x 0.01= 1000 (or $1000.00 / pip)
That doesnt make sense to me
USD/JPY:
119.80
.01 divided by exchange rate = pip value
.01 / 119.80 = 0.0000834
This looks like a very long number but later we will discuss lot size.
DislikedI use this indicator. It tells you the spread and the value of one pip. {file}Ignored