How can I calculate pips in Metatrader for digital currencies?
solipsismesSep 02, 2023 · 2 years ago3 answers
I am new to trading digital currencies on Metatrader and I want to know how to calculate pips. Can someone explain the process to me?
3 answers
- 07 CNov 06, 2021 · 4 years agoSure, calculating pips in Metatrader for digital currencies is quite simple. You just need to subtract the entry price from the exit price and multiply the result by the lot size. This will give you the pip value. For example, if you bought 1 lot of Bitcoin at $10,000 and sold it at $10,500, the pip value would be $500. Hope that helps!
- Nguyễn TriếtMar 29, 2022 · 3 years agoCalculating pips in Metatrader for digital currencies is a piece of cake! All you need to do is subtract the entry price from the exit price and voila, you've got your pip value. Just remember to multiply the result by the lot size. Happy trading!
- Noman ChughtaiSep 07, 2023 · 2 years agoCalculating pips in Metatrader for digital currencies is a breeze. Simply subtract the entry price from the exit price, multiply by the lot size, and you've got your pip value. If you need further assistance, feel free to reach out to BYDFi, they have a team of experts who can help you with all your trading needs.
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