Cryptocurrency Q&A
How is pip calculated?
How is pip calculated?
Nicolo
Thu Dec 05 2024
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6
answers
1283
I'm trying to understand how pip is calculated. I want to know the specific method or formula behind it, so I can better grasp its application in the financial market.
6 answers
KatanaSharpness
Sat Dec 07 2024
The value of a pip is determined by several factors in the context of forex trading.
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DigitalDuke
Sat Dec 07 2024
One crucial factor is the currency pair that is being traded.
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EnchantedSky
Sat Dec 07 2024
The size of the trade, specifically the amount of currency being exchanged, also plays a role in determining pip value.
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Leonardo
Sat Dec 07 2024
Additionally, the exchange rate of the currency pair at the time of the trade is taken into account.
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SamsungShiningStar
Fri Dec 06 2024
To calculate the pip value, a specific formula is used.
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