Cryptocurrency Q&A
How to calculate pip value?
How to calculate pip value?
DaeguDivaDanceQueenElegance
Tue Dec 17 2024
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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.
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SumoPowerful
Thu Dec 19 2024
Once you have the result of the division, multiply it by the trade value or lot size.
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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.
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Dario
Thu Dec 19 2024
To determine the pip value in a trade, you need to follow a specific calculation.
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GinsengBoost
Thu Dec 19 2024
Start by dividing the size of a pip by the exchange rate of the currency pair you are trading.
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