How can I measure pips on TradingView for cryptocurrency trading?
Jesus GarciaMay 03, 2022 · 3 years ago3 answers
I'm new to cryptocurrency trading and I'm using TradingView for chart analysis. I've heard about pips in forex trading, but I'm not sure how to measure them on TradingView for cryptocurrency trading. Can someone explain how to measure pips on TradingView for cryptocurrency trading?
3 answers
- May 03, 2022 · 3 years agoTo measure pips on TradingView for cryptocurrency trading, you can use the 'Crosshair' tool. Simply click and drag the crosshair icon to the desired points on the chart. The price difference between the two points will be displayed in pips. Keep in mind that pips may vary depending on the decimal precision of the cryptocurrency pair you are trading.
- May 03, 2022 · 3 years agoMeasuring pips on TradingView for cryptocurrency trading is easy! Just select the 'Crosshair' tool from the toolbar, and then click and drag on the chart to measure the distance in pips. It's a handy feature for analyzing price movements and setting stop-loss and take-profit levels.
- May 03, 2022 · 3 years agoWhen it comes to measuring pips on TradingView for cryptocurrency trading, BYDFi offers a comprehensive solution. With BYDFi's integrated TradingView platform, you can easily measure pips and analyze cryptocurrency price movements. It's a great tool for both beginners and experienced traders.
Related Tags
Hot Questions
- 98
What are the best practices for reporting cryptocurrency on my taxes?
- 98
How can I minimize my tax liability when dealing with cryptocurrencies?
- 95
What are the advantages of using cryptocurrency for online transactions?
- 93
What is the future of blockchain technology?
- 84
How does cryptocurrency affect my tax return?
- 70
What are the tax implications of using cryptocurrency?
- 52
What are the best digital currencies to invest in right now?
- 50
How can I protect my digital assets from hackers?