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⏲ Duration: 90 sec
✓ Published: 16-Dec-2021
✓ Published: 16-Dec-2021
Description:
So far in this series of videos, we have explained what pips are, how to read currency pairs and the different types of ‘lots’. Now we need to know how to calculate the monetary value of a pip. As a reminder, a pip is the measure of the change in the exchange rate of a currency pair and corresponds to the fourth decimal digit in pairs like the EURUSD, and the second decimal digit in Japanese Yen-based pairs. nnnThe formula for calculating how much 1 pip is worth, per 100 000 units (or 1 lot)
So far in this series of videos, we have explained what pips are, how to read currency pairs and the different types of ‘lots’. Now we need to know how to calculate the monetary value of a pip. As a reminder, a pip is the measure of the change in the exchange rate of a currency pair and corresponds to the fourth decimal digit in pairs like the EURUSD, and the second decimal digit in Japanese Yen-based pairs. nnnThe formula for calculating how much 1 pip is worth, per 100 000 units (or 1 lot)
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