DESCRIPTION: below you can find a step-by-step guidance in case you would like to know how to calculate on PIP.
POSSIBLE REASON: Our pip calculator helps you to estimate the pip value in your trades so that you can better manage your risk.
RESOLUTION STEPS:
- You may use the formula below to calculate the the pip value from your end manually for a CFD contract: Pip value = point value × volume × contract size
- The point value is derived from the current digits of the assets. For example, there are 2 digits behind the decimal points for Volatility 75 Index. Therefore, so the point value for this particular is 0.01
- The volume would be the lot size of the trade that you place
- For synthetic indices, the pip value is calculated in USD
- For forex, the pip value is in the quote currency for forex pairs
For further check refer to https://community.deriv.com/t/pip-calculation/28954