How can I count pips on TradingView for cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! Counting pips on TradingView for cryptocurrency trading is similar to counting pips in traditional forex trading. A pip is the smallest unit of price movement, and it represents a one-digit move in the fourth decimal place of a currency pair's price. In cryptocurrency trading, pips are usually counted to the sixth or eighth decimal place, depending on the precision of the trading pair. To count pips on TradingView, you can use the crosshair tool to measure the distance between two points on the chart. The value displayed in the crosshair will represent the number of pips. Keep in mind that different cryptocurrency exchanges may have different pip values due to variations in decimal places. It's always a good idea to check the specific pip value for the trading pair you're interested in on your chosen exchange.
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• Dec 17, 2021 · 3 years ago
  Counting pips on TradingView for cryptocurrency trading can be a bit confusing at first, but it's actually quite simple once you understand the concept. Pips represent the smallest price movement, and they are usually measured to the sixth or eighth decimal place in cryptocurrency trading. To count pips on TradingView, you can use the crosshair tool to select two points on the chart and measure the distance between them. The value displayed in the crosshair will give you the number of pips. It's important to note that the pip value may vary between different cryptocurrency exchanges, so make sure to check the specific pip value for the trading pair you're interested in on your chosen exchange. Once you get the hang of it, counting pips on TradingView will become second nature!
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• Dec 17, 2021 · 3 years ago
  Counting pips on TradingView for cryptocurrency trading is an essential skill for any trader. When it comes to measuring price movements, BYDFi is a great platform that offers a user-friendly interface and accurate pip counting tools. To count pips on TradingView, simply use the crosshair tool to select two points on the chart and the pip value will be displayed. It's important to note that the number of decimal places used to count pips may vary between different cryptocurrencies and exchanges. Make sure to check the specific pip value for the trading pair you're interested in on your chosen exchange. With BYDFi's intuitive platform, you'll be able to count pips with ease and make informed trading decisions.
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