I don't trade on forex so I don't really know on how to calculate on pips, have been planning to learn about the investment in order to know how to calculate it.
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I am desperately looking for someone to assist in differentiating how to calculate pips for the diverse asset classes.Pips is an accronyn, it fully means percentage in point.
The ability to calculate pips is important for risk management as you would know how know the amount you are risking per trade
The way we calculate pips in currencies such as yen pairs varies from commodities such as gold and as well from indices such as NASDAQ
I believe that is true percentage in points it can also be classified as money because for instance 10pips maybe equal to 10 USD so sometime I do classified pips as money in percentagePips is an accronyn, it fully means percentage in point.
The ability to calculate pips is important for risk management as you would know how know the amount you are risking per trade
The way we calculate pips in currencies such as yen pairs varies from commodities such as gold and as well from indices such as NASDAQ
It all depends on the lot size you are using.I believe that is true percentage in points it can also be classified as money because for instance 10pips maybe equal to 10 USD so sometime I do classified pips as money in percentage