FOREX Pips Explained
Here I use trading tables; cheat sheets if you will. They are more than enough to get you started and until the calculations become second nature for you. Most of them are related to converting pips to dollars, profit and loss, and money management. You can use them by your computer as you trade. All of them are available for download from the Getting Started section of www.goodmanworks.com and can be customized. For the trading tables, pip values have been rounded off slightly in some cases to make them easier for the student to use.