Can someone please give me the formula to get the Pip value in dollars for both ot these? I need the pip value dollars , and profit in dollars between two prices.
GBPJPY
CHFJPY
Thanks!..Im stuck!
GBPJPY
CHFJPY
Thanks!..Im stuck!
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Help me calculate the pip value for this 2 replies
DislikedOn standard lots: 1 pip=1000 yens Divide 1000 by 123(current USD/JPY rate)=USD8.13 For mini lots one tenth of aboveIgnored
Disliked{quote} ok so if we are doing GBP/JPY would 1 pip still be 1000 yen ? If so, when you divide current GBPJPY price by 1000 (154.1) it comes out to 6.49. but up there you had it as USD so in this case would the 6.49 be GBP like I think it would and what do I convert 6.49 to USD to understand my risk. Sorry if this question seems redundant but I'm new and I don't want to assume anythingIgnored