I'm trying to figure out how to calculate pips for gold trading. I've heard of this term before but I'm not sure exactly how it applies to gold or how to go about calculating it.
7 answers
EnchantedMoon
Mon Dec 02 2024
Once the pip value is known, you can proceed to the next step.
Leonardo
Mon Dec 02 2024
Determining the value of gold pips involves a straightforward calculation.
amelia_jackson_environmentalist
Mon Dec 02 2024
The first step is to identify the pip value for gold.
IncheonBlues
Mon Dec 02 2024
This pip value represents the monetary equivalent of each pip movement in the market.
Nicolo
Sun Dec 01 2024
Multiply the pip value by the number of pips you have gained or lost in your trade.