Cryptocurrency Q&A
How do you calculate pips fast?
How do you calculate pips fast?
CryptoSavant
Thu Dec 05 2024
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7 answers
905
I'm trying to figure out the quickest way to calculate pips. Is there a specific method or formula that can help me do this efficiently?
7 answers
DigitalDuke
Sat Dec 07 2024
For instance, if you are trading the EUR/USD currency pair.
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Isabella
Sat Dec 07 2024
You need to take the trade value you have chosen and apply the multiplication factor.
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Valentina
Sat Dec 07 2024
Let's say your trade value is 10,000 euros.
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CherryBlossomGrace
Sat Dec 07 2024
The calculation of the value of one pip in trading involves a specific formula.
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benjamin_stokes_astronomer
Sat Dec 07 2024
This formula entails multiplying the trade value or the lot size by 0.0001.
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