I'm trying to understand how to calculate pip in the context of cryptocurrency trading. I want to know the specific steps or formula to determine the pip value for a given crypto trade.
7 answers
Lucia
Sun Nov 03 2024
Calculating the pip value in trading involves a specific formula.
Silvia
Sat Nov 02 2024
However, for currency pairs that include the Japanese yen, the pip size differs.
BonsaiStrength
Sat Nov 02 2024
The formula is as follows: Pip value = Lots x Contract size x Pip Size.
amelia_jackson_environmentalist
Sat Nov 02 2024
For these pairs, the pip size is 0.01.
Valentina
Sat Nov 02 2024
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