I am confused in the following, I need help on thia

Beginner Questions
1

Screenshot_20200409-140423_Chrome
Screenshot_20200409-140423_Chrome1080×1180 267 KB

In the above screenshot from the course mentioned that “So, for every .01 pip move in GBP/JPY, the value of a 10,000 unit position changes by approximately 1.27 USD.”
This is .01 pip or .0001 pip
Please clear my doubt

Thanks

2

Hi, currency pairs with jen is denominated that is why you have two decimal places not four. Regards Greg
#Backtest2008

3

Thanks for your informations

4

Hi mate, try this thread.

Hope it helps.