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 is essential for managing risk and determining potential profits or losses in currency trading. To calculate the pip value, you need to know the size of the trade, the currency pair being traded, and the exchange rate. For example, in a standard lot, the pip value is typically $10 for most currency pairs when trading USD as the quote currency.
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