Cryptocurrency Q&A
What is the formula for pip?
What is the formula for pip?
CryptoVisionaryGuard
Sun Dec 01 2024
|
5 answers
939
I am trying to find out the formula for pip. I need to know how it is calculated or determined. Is there a specific mathematical equation or a set of rules that define pip?
5 answers
Riccardo
Tue Dec 03 2024
To calculate the pip value in currency trading, you need to follow a specific sequence of steps.
Was this helpful?
263
43
charlotte_clark_doctor
Mon Dec 02 2024
After obtaining this quotient, multiply it by a standard lot size of 100,000. This will give you the pip value in dollars.
Was this helpful?
279
78
CryptoNinja
Mon Dec 02 2024
Begin by dividing the size of a pip by the exchange rate of the currency pair you are trading.
Was this helpful?
189
20
Carlo
Mon Dec 02 2024
Next, take the result of this division and multiply it by the trade value or lot size.
Was this helpful?
122
89
benjamin_brown_entrepreneur
Mon Dec 02 2024
For instance, if the pip size is 0.0001 and the USD/CAD exchange rate is 1.2829, divide 0.0001 by 1.2821.
Was this helpful?
86
29
