How can I calculate pips for BTC/USD trades?

McGarry CarrDec 18, 2021 · 3 years ago1 answers

Can you explain how to calculate pips for BTC/USD trades in the cryptocurrency market?

How can I calculate pips for BTC/USD trades?

1 answers

Dec 18, 2021 · 3 years ago
When it comes to calculating pips for BTC/USD trades, it's essential to understand that one pip in this currency pair is equal to 0.0001. To determine the pip value, you need to multiply the pip value by the number of pips gained or lost in the trade. Remember, the pip value can differ based on the lot size and the specific cryptocurrency pair you're trading. If you have any further questions, feel free to ask!

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