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


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

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

Thanks for your informations

Hi mate, try this thread.

Hope it helps.