How to Calculate Pips for All Pairs: A basic guide to calculating pips for all pairs

Calculation of pips and pip value is an important skillset in forex trading as it would help a trader both in risk management and money management. You hardly see where they teach how to calculate pips and this has been a major problem to most traders, so i thought it wise to write about it explaining in details how to calculate pips ranging from major pairs to cross pairs and all other pairs including gold. Do well to read it as this is an essential part of a trader's journey.