Cryptocurrency Q&A
How big is 100 pips?
How big is 100 pips?
Dario
Fri Dec 27 2024
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7 answers
1986
I'm trying to understand the concept of pips in trading. Specifically, I want to know what 100 pips represent in terms of size or value. Can someone explain this to me in simple terms?
7 answers
ChristopherWilson
Sat Dec 28 2024
A movement of 100 pips in the EUR/GBP currency pair signifies a variation equivalent to 1 British penny.
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Valentina
Sat Dec 28 2024
In comparison, a trader who achieves the same profit in pips but on a different currency pair, such as EUR/USD, would earn less.
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Maria
Sat Dec 28 2024
This British penny currently holds a value that is approximately 30% greater than that of 1 US cent.
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MysticRainbow
Sat Dec 28 2024
The reason for this is the inherent value difference between the British penny and the US cent.
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Lorenzo
Sat Dec 28 2024
For traders, this disparity in value translates into significant differences in profit margins.
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