Hello fellows, seniors, juniors, teachers, professors and everybody else I dont know yet. I am stuck with the position sizing. unable to understand how to calculate the pip value when
account denomination is same to base currency
account denomination is same to counter currency
when you are buying 1 and 2, and
when you are shorting 1 and 2.
HELPPPPPPPPPP PLEASEEEEEEE
The pip value is the same whether you are long (buying) or short (selling) a given currency pair. We explained how to calculate the pip value in this earlier post: Pip value for 500 bucks on metatrader 4
Thank you for the help and clarification. This concept was proving to be the hardest to grab… I wasn’t able to sort out the long and short position status while calculating pip value. Thanks again.