I'm trying to figure out the dollar value of 0.01 pip. Can someone help me understand how much this amount is in dollars?
7 answers
Nicola
Sun Nov 03 2024
The value of 0.01 pips is not a fixed amount.
BlockchainWizardGuard
Sat Nov 02 2024
On the other hand, if you are trading the USD/JPY currency pair, the value of a pip is 0.01.
RiderWhisper
Sat Nov 02 2024
In this case, 0.01 pips in USD/JPY would be worth 0.0001.
Marco
Sat Nov 02 2024
It varies depending on the currency pair you are trading.
RobertJohnson
Sat Nov 02 2024
For instance, if you are trading the EURUSD currency pair, the value of a pip is 0.0001.