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Most of the online retail forex brokers nowadays have a pip calculator included in their platform. So if you happen to forget the pip value of any given pair or get confused with the micropips, then you may want to use the mentioned tool instead. The pip calculator usually allows users to enter the pair, desired trade and position size plus the entry and exit prices. It will automatically compute the profit or loss depending on the data that you input.

Author: ForexGump

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