Understanding Forex Terms: Pips, Lots, and Profit Loss Calculations
A ‘Pip’, short for ‘point in percentage’, quantifies exchange rate movements between two currencies in Forex trading. When different currencies are involved, adjust the pip value using the relevant exchange rate. A Forex Pip Value Calculator automates these calculations, ensuring accuracy and efficiency. Fractional pips can allow for tighter spreads, and give a better understanding […]
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