how to calculate the pip-size in euros?
say each pip in US is $10. divide 10 by current eurousd price. like 10/1.25=8, so
10 dollars = 8 euros
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Let's say I'm trading the GBP/USD, how can I calculate how much euro each pip is? Some goes for all other pairs ... 1 pip = xxxx Euro ???
Seems simple, but can't get it done ...
Any help would be much appreciated! Thanks in advance.
Greetingz,
Koen.