Cryptocurrency Q&A
How many pips did I make?
How many pips did I make?
Chiara
Wed Dec 18 2024
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5
answers
1307
I just finished a trade and want to know the outcome. Specifically, I'm curious about the number of pips I gained or lost in this transaction. Did I make a profit, and if so, how much?
5 answers
SeoulSerenitySeeker
Fri Dec 20 2024
The second factor is the lot size, which determines the number of currency units being traded.
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Caterina
Fri Dec 20 2024
For example, if trading one standard lot of EUR/USD, which is 100,000 units, at an exchange rate of 1.1050, the calculation would be ($1 / (0.0001 / 1.1050)) / 100,001.
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CryptoProphet
Fri Dec 20 2024
The calculation of the number of pips involves several factors.
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Nicola
Fri Dec 20 2024
This results in approximately 9.05 pips per dollar.
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CryptoEnthusiast
Fri Dec 20 2024
The first factor is the division of one dollar by the quotient of 0.0001 and the exchange rate.
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