Do you use a pip calculator before opening a forex trade?
I’m learning how pip values change with the pair and lot size.Do you calculate the pip value every time, or only when trading an unfamiliar pair?
JinTinTrading posted:I’m learning how pip values change with the pair and lot size.Do you calculate the pip value every time, or only when trading an unfamiliar pair?
Are you mainly trading Forex majors, Gold, or other instruments? I can show you a simple way to calculate the position size based on your risk per trade.
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once u trade majors long enough u just memorise lot sizes n pip values anyway. but if i'm touchin weird crosses or high lev, i usually just throw it into a web margin calculator or max lot calculator for two sec just to be safe.
