The market data units are inconsistent. Gold uses "points" and other commodities use "pips"! Last week, when calculating my gold profit, I thought 1 "point" equaled 1 "pip." I was wrong. Actually, 1 gold "point" is $0.01, and 1 "pip" is $0.0001. I almost miscalculated my profit.
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The market data units are inconsistent. Gold uses "points" and other commodities use "pips"! Last week, when calculating my gold profit, I thought 1 "point" equaled 1 "pip." I was wrong. Actually, 1 gold "point" is $0.01, and 1 "pip" is $0.0001. I almost miscalculated my profit.
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