COYS WHEEL Group

Tick size conversion to balance impact is the calculation that makes the abstract concept of market movement concrete in financial terms and it is the understanding that most traders lack when they first start. Knowing that price moved 50 pips is meaningless without knowing what 50 pips translates to in your account currency at your lot size and the conversion is not trivial on pairs where your account currency is not the quote currency. https://roboforex.com/beginners/start/profit-and-loss-calculator/forex/ does this conversion correctly and presents the output directly in your account currency which is the number that actually matters for your financial situation rather than the intermediate pip figure that requires further translation.