What factors should I consider when calculating pips for digital assets?

1 answers

• Hassan AsgharJun 29, 2022 · 3 years ago
  When it comes to calculating pips for digital assets, BYDFi recommends considering a few key factors. Firstly, you should be aware of the asset's pip value, which can vary depending on the asset and the currency pair. Secondly, it's important to take into account the spread, as this can impact your overall profitability. Lastly, you should also consider the volatility of the asset, as this can affect the frequency and magnitude of pip movements. By considering these factors, you can make more informed trading decisions and better manage your risk.
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