Cryptocurrency Q&A
How to calculate pip value?
How to calculate pip value?
DaeguDivaDanceQueenElegance
Tue Dec 17 2024
|
5 answers
1579
I am trying to understand how to calculate the pip value in forex trading. I want to know the formula or method to determine the value of a pip, so I can better understand my potential profits or losses in each trade.
5 answers
Chiara
Thu Dec 19 2024
In this case, let's use 0.0001 as the size of the pip and 1.2829 as the USD/CAD exchange rate.
Was this helpful?
326
73
SumoPowerful
Thu Dec 19 2024
Once you have the result of the division, multiply it by the trade value or lot size.
Was this helpful?
381
84
Stefano
Thu Dec 19 2024
For instance, if you are trading a standard lot size of 100,000, you would multiply the division result by 100,001.
Was this helpful?
360
75
Dario
Thu Dec 19 2024
To determine the pip value in a trade, you need to follow a specific calculation.
Was this helpful?
318
55
GinsengBoost
Thu Dec 19 2024
Start by dividing the size of a pip by the exchange rate of the currency pair you are trading.
Was this helpful?
194
76
