Bit & Coins team provide it’s users with a pip calculator. This trading tool is extremely important to determine if the trade is worth the risk. Moreover, it also helps to manage that risk properly.
PIP (Point in Percentage) is the minimum change in the price of the exchange rate. The value of a pip is calculated by multiplying the transaction amount in lots by one point in decimal form and dividing this amount by the current rate of the quoted currency in the selected pair.
In addition, for your convenience, Bit & Coins has Currency Converter to make your conversion process easy, fast, reliable and accurate.
Bit & Coins pip calculator supports a selection of base currencies and many currency pairs. Simply follow these four steps in order to calculate the value of your potential trade:
- Select your trade size in terms of lots
- Choose the currency pair to trade
- Provide your base currency
- Click on the “Calculate” button
The pip calculator will then display the pip value of your trade.
