Cryptocurrency Q&A
What is PIP formula?
What is PIP formula?
ShintoMystery
Fri Dec 27 2024
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6 answers
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I am trying to understand the PIP formula. Could someone please explain what it is and how it works? I need to know the basics of this formula and its application.
6 answers
Elena
Sat Dec 28 2024
Additionally, the exchange rate of the currency pair at the time of the trade affects the pip value.
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Margherita
Sat Dec 28 2024
The pip value in forex trading is influenced by several factors.
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Maria
Sat Dec 28 2024
To arrive at the pip value, a specific calculation is required.
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KimchiChic
Sat Dec 28 2024
One of these factors is the currency pair being traded.
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SamuraiCourageous
Sat Dec 28 2024
This involves dividing one pip, which is usually equivalent to 0.0001, by the current market value of the forex pair.
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