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Question: calculate the number of pips entry price 144.830 and stop level 144.193
To calculate the number of pips between the entry price and the stop level, follow these steps: 1. Subtract the stop level from the entry price: 144.830 - 144.193 = 0.637 2. Since you are dealing with a currency pair involving the Japanese yen (JPY), which is typically quoted to three decimal places, multiply the result by 1,000 to convert the price movement into pips: 0.637 * 1,000 = 637 pips. Therefore, the number of pips between the entry price of 144.830 and the stop level of 144.193 is 637 pips.
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