Is there a way we can calculate the pip value of gold, WTI and the other commodities?
As you know we can do the following calculation on fx pairs to find out the value of a pip (when USD quoted first) eg:
(0.0001 / exchange rate) x lot size = pip value
Can we do something similar to work it out for the other products?
As you know we can do the following calculation on fx pairs to find out the value of a pip (when USD quoted first) eg:
(0.0001 / exchange rate) x lot size = pip value
Can we do something similar to work it out for the other products?
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