How is pips calculated?

[Pauline_Pinette]

How is pips calculated?

 

[Pamela J. Byrd]

To calculate pip value, divide one pip (usually 0.0001) by the current market value of the forex pair. Then, multiply that figure by your lot size, which is the number of base units that you are trading.

 

[ChrisFX]

thanks but what are the pips anyway lol