Cryptocurrency Q&A
How to calculate lot size and pips?
How to calculate lot size and pips?
SsamziegangSerenadeMelody
Thu Dec 19 2024
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6 answers
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I'm trying to understand the process of calculating lot size and pips in trading. I want to know the method or formula to determine these values accurately.
6 answers
TaegeukChampionCourage
Sat Dec 21 2024
For the EURUSD pair, the pip price is set at 10 USD when trading with a standard lot.
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CoinMasterMind
Sat Dec 21 2024
The pip price varies across different currency pairs in Forex trading.
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Margherita
Fri Dec 20 2024
Specifically, the formula is (1 point * lot size) / market price.
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ShintoBlessed
Fri Dec 20 2024
In contrast, the pip price for the USDJPY pair is 9 USD for the same lot size.
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Carolina
Fri Dec 20 2024
Calculating the lot size involves a specific formula.
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