I just have a question about pip calculation and MetaTrader 4 demo with InterbankFx. This is the correct way to calculate pip value is it not???
AUD/USD 0.7293
0.0001/0.7293 = AUD $0.00013712
Convert back to USD:
0.00007293 * 0.7293 = USD $0.0001
Multiply by lot size
USD $10.00 per pip
Which is correct, I made an error in my original calcultion.
"a fool and their money will easily part"