How to calculate "pips" of Cashback Rebate?
Cashback when it comes to Forex market, is all about cutting off the pip cost. Pip is the unit used to calculate the spread which is the difference between bid price and ask price. In this article, we explain how to cancluate the pips. How to calculate pips and spreads? Determining profits and losses is an important part of trading, so let's take a closer look at how pips and spreads work. Pips are the smallest price fluctuations an asset can generate. In the Forex market, currency pairs are represented by four decimal points, so a change of 0.0001 is equal to one pip. For a circle pair indicated by two decimal points, one pip is equal to 0.01. Example 1 A rise in the euro / dollar from 1.3400 to 1.3500 reflects 100 pips, and a fall in the pound sterling / dollar from 1.3450 to 1.3400 shows a change of 50 pips. The US dollar / Japanese yen rising from 94.50 to 95.75 is converted to an increase of 125 pips. The Australian dollar / Japanese yen falling from 78.50 to 76.00 means a