Cryptocurrency Q&A
How do you convert pips to profit?
How do you convert pips to profit?
CryptoElite
Tue Dec 24 2024
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7 answers
1654
I'm trying to understand how to convert pips into profit in trading. Could someone explain the process or provide a formula for this conversion?
7 answers
KDramaLegendaryStarlight
Wed Dec 25 2024
In the given example, the trader made a profit of 20 pips.
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alexander_jackson_athlete
Wed Dec 25 2024
Calculating the profit or loss on a trade involves a straightforward process.
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Michele
Wed Dec 25 2024
It begins by determining the number of pips gained or lost in the trade.
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EclipseChaser
Wed Dec 25 2024
The value of each pip was $9.41.
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Silvia
Wed Dec 25 2024
To find the total profit, the trader multiplied the number of pips by the value of each pip, resulting in $189.21.
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