Chapter 9 POINT IN PIPS ( HOW TO CALCULATE PIPS )
10 pips = 100 point 100 pips = 1000point
How pips function :-
Point x lot size = Our profit
If we sell gold withlot size 1.00 and movement as much as 30pips.
30pips = 300point 300point x 1.00$ = 300$
Thus, 300$ is our profit
For example, we sell gold at a price of 1687.70 and the price has dropped to 1684.70. so the point difference here is 300 points equal to 30 pips. So our profit is 30pips
