Can you explain pip value calculation in forex?
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Can you explain pip value calculation in forex?
Can you explain pip value calculation in forex?
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Pip Value Calculation in Forex
In Forex, the pip value depends on the currency pair, trade size, and exchange rate. To calculate it, use this formula:
Pip Value = (Pip * Trade Size) / Exchange Rate.
For example, in EUR/USD with a rate of 1.1000 and a 100,000 unit trade, the pip value is around $9.09.
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