How can I calculate the pip value for digital assets in forex?
JstDOCFeb 15, 2025 · 6 months ago1 answers
I'm new to forex trading and I'm wondering how to calculate the pip value for digital assets. Can someone explain the process to me?
1 answers
- Alexa A.Aug 07, 2022 · 3 years agoAt BYDFi, we have a built-in pip value calculator in our trading platform. It automatically calculates the pip value based on the current exchange rate and lot size. This feature saves traders time and ensures accuracy in their calculations. If you're using a different trading platform, you can easily find online pip value calculators or use the manual formula I mentioned earlier. Just remember to double-check your inputs to avoid any errors.
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