Forex pip value explained
What forextradingaccountsregister the pip forex trading accounts of forex trading? How do you calculate the pip value of forex trading? If you are a newcomer, be sure to clarify the above issues, which are closely related to your interest Below I will explain in detail the knowledge of the forextradingaccountstype value 1, what is the point value of foreign cashback forex trading? Investors want to understand the meaning of point value, first of all, we need to know what is the point so-called point, refers to foreign exchange transactions between the value of the two currencies change units, and point value is the value of each point need to note that the point is the smallest unit of exchange rate changes, general foreign exchange quotes, the last digit is the single digit of the point, for example, the exchange rate increased from 1.2251 to 1.2254, which means that the exchange rate change of 3 points As for the unit of the point value, the market common dollar 2, how to calculate the point value of foreign exchange transactions? Foreign exchange transactions, the calculation of the point value needs to be based on the form of currency pairs, the general form of currency pairs have three categories, namely, straight currency pairs, non-straight currency pairs, cross currency pairs, they are not the same formula for calculating the point value is as follows: straight currency pairs point value calculation: point value = number of lots (lotsize) x the number of basis points (ticksize) non-straight currency pairs point value calculation. Point value = number of lots (lotsize) x base points (ticksize) / current rate (currentrate) cross currency pairs point value calculation: point value = number of lots (lotsize) x base points (ticksize) x base currency exchange rate with the dollar (basequote) / the exchange rate of the foreign currency (currentrate) in summary It can be seen that the cross currency pair point value calculation is the most complex, that it is affected by more factors, while the straight currency pair point value calculation is the simplest, because the factors that affect it is only the number of lots and the number of basis points above is about the introduction of foreign exchange trading point value, if you want to better foreign exchange transactions, these concepts should be understood!