For many currency pairs a pip corresponds to the fourth decimal place, while yen pairs are commonly quoted with a different convention. Pip value depends on position size, pair and account currency.
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What Is Risk Management?Risk management is the process of controlling how much can be lost on one trade and…
Position SizingPosition sizing converts your planned dollar risk and stop distance into the amount you should trade.…
Risk per Trade and Risk-to-RewardRisk per trade defines the planned dollar loss if the idea fails. Risk-to-reward compares that planned…