I see tutorial videos of forex trading they say “So this pair here falls by 10 dollars…now here gold fell by 20 dollars”
What means by falling dollars ? Is it 1 pip = 1 dollar ?
I see tutorial videos of forex trading they say “So this pair here falls by 10 dollars…now here gold fell by 20 dollars”
What means by falling dollars ? Is it 1 pip = 1 dollar ?
That doesn’t make sense.
When [I][B]currency pairs[/B][/I] rise or fall in price, the change is stated in terms of pips, not dollars.
Please post the video where you heard that.
That [I]does[/I] make sense. [I][B]Gold[/B][/I] is priced in dollars per ounce.
If the price of gold falls by $20/ounce, it would be perfectly correct to say that gold fell by $20.
.