Cryptocurrency Q&A
How to calculate the pips?
How to calculate the pips?
Dreamchaser
Tue Dec 03 2024
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7 answers
1309
I'm trying to figure out how to calculate pips. I need to understand the process or formula behind it so that I can accurately determine the pips in my trades. Can someone explain this to me in a clear and simple way?
7 answers
HanjiArtistryCraftsmanshipMasterpiece
Thu Dec 05 2024
For instance, if a trader is dealing with the EUR/USD pair, they would use this formula to determine the pip value.
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alexander_clark_designer
Thu Dec 05 2024
Let's consider a trade value of 10,000 euros for the EUR/USD pair.
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SolitudeSerenade
Thu Dec 05 2024
The calculation of pip value in trading is a crucial aspect that traders need to understand.
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Alessandra
Thu Dec 05 2024
The value of one pip is determined by multiplying the trade value or lot size by 0.0001.
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Silvia
Thu Dec 05 2024
By multiplying 10,000 euros by 0.0001, the trader can find out the pip value.
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