I'm trying to figure out how to calculate pips in trading. I need to understand the process of determining the value of a pip, as it's crucial for managing my trades and understanding profit or loss.
7 answers
KabukiPassion
Tue Dec 03 2024
This computation stands as one of the most straightforward in the entire process.
HanbokGlamour
Tue Dec 03 2024
To obtain the desired result, you need to start by taking the "found pip value."
CryptoLord
Mon Dec 02 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions, which can be useful in managing various currencies and their exchange rates.
lucas_jackson_pilot
Mon Dec 02 2024
This value serves as the foundation for the subsequent calculations.
CryptoBaron
Mon Dec 02 2024
Next, you must consider the exchange rate of your account currency.