The XAUUSD pip calculator in Forex represents a Forex calculator that calculates the value of a XAUUSD pip in the currency you want by defining following values:
number of pips
lot size used
currency pair
deposit currency
Here is XAUUSD GOLD pip calculator:
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I have created a FREE trading tutorial for trading strategy I am using. You will see what is needed to be able to create analysis like I do.
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The PDF is FREE to download.
Why do you need XAUUSD pip calculator?
You can calculate the value for a number of XAUUSD pips. And that means for example if you have 100 pips as a stop loss or take profit set, then you can calculate how much that will be in terms of a currency you select.
How to use the XAUUSD pip calculator?
Inside the XAUUSD calculator you have several fields you need to fill with the data. And those are the number of pips, XAUUSD currency pair, deposit currency and lot size. At the end you click the button Calculate and you get the value of XAUUSD pip.
Table of Contents
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[0:00] - Intro
[0:07] - What are fields inside Pip Calculator
[1:06] - Important - Contract size depends on the broker
[3:38] - How to make calculation manually
[5:41] - Trading example with XAUUSD calculator
