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Forex Trade: leverage, pip value and swap calculations
I entered a trade yesterday 27th November,2017 on the GBP/JPY. And my account currency in Euros. Let us understand the mathematics behind the trade and how to calculate various Forex values manually.
Currency Pair: GBPJPY ‘Base currency’ is GBP and the ‘Quote currency’ is JPY. Current price: 147.80 JPY 147.80 for 1 unit of GBP Quoted in JPY Spread – BID/ ASK : 147.771 / 78 (1.?, average…
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