Hello guys, I'm new on this forum (new in Forex market as well) and I have a problem/question.
I trade GBPUSD pair, going short.
Price action: 1.41924
Take profit: 1.40950
How many pips are here?
"A pip is usually the last decimal place of a quotation."
"For instance, if GBP/USD moves from 1.30542 to 1.30543, that .00001 USD move higher is ONE PIPETTE."
So this means that a pip for GBPUSD is the forth decimal.
So 4192.4-4095 = 97.4 I guess
But MT4 says there are 974 pips.
Am I missing something?