how many pips equal USD $1 on the Y scale?
how many pips equal USD $1 on the Y scale?
03 Jan 2021, 15:32
Hello,
I`m confused as to how to read the bitcoin pips in cTrader,
do you know how many pips equal $1 USD on the Y scale?
the other thing is it seems to limit me to 10 lots, which is only 0.13 cents per pip, and no commission is being given, I`m using ic markets version of Ctrader.
Replies
EagleMoxy
07 Jan 2021, 10:55
( Updated at: 21 Dec 2023, 09:22 )
RE:
ah ok brilliant, that makes sense now. At 1 lot, each pip is 1 cent.
Pip values USD.
1 lot = 0.01 cent USD
10 LOTS = .10 CENTS
100 LOTS = $1.00 USD.
1000 LOTS = $10.00 USD
Mini lot .1 = $0.001 cents (1/1,000th of a cent)
Micro lot 0.01 = 0.0001 cents (1/10,000th of a cent)
thats IC MARKETS via cTrader.
On Pepperstone they offer 1 LOT at 10 CENTS.
So its not one size fits all...
PanagiotisCharalampous said:
Hi EagleMoxy,
You can find the pip decimal place in the Symbol Info window.
Best Regards,
Panagiotis
@EagleMoxy
PanagiotisCharalampous
04 Jan 2021, 09:28
Hi EagleMoxy,
You can find the pip decimal place in the Symbol Info window.
Best Regards,
Panagiotis
Join us on Telegram
@PanagiotisCharalampous