How can I calculate the pip value for GBP/JPY in the context of cryptocurrency trading?
AkshitJan 04, 2023 · 3 years ago1 answers
I'm new to cryptocurrency trading and I'm wondering how to calculate the pip value for the GBP/JPY pair. Can someone explain the process to me?
1 answers
- Esam ShawkyNov 14, 2020 · 5 years agoNo worries, mate! Calculating the pip value for GBP/JPY in cryptocurrency trading ain't rocket science. First, you gotta know the exchange rate for GBP/JPY. Let's say it's 150.00. Now, divide 0.01 by the exchange rate. Boom! You got the pip value, which in this case is 0.00006667 JPY per pip. Just remember, the pip value will vary depending on the exchange rate, so keep an eye on it, mate!
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