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Questions tagged [convert pips]

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CryptoElite CryptoElite Tue Dec 24 2024 | 7 answers 1654

How do you convert pips to profit?

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?

How do you convert pips to profit?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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