SeoulStyle
Tue Aug 20 2024
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7 answers
1254
How to make money on pips?
Are you looking to profit from the fluctuations in currency values in the forex market? If so, learning how to make money on pips is crucial. Pips, or percentage in points, represent the smallest change in value that a currency pair can make. To capitalize on these movements, traders use various strategies, including technical analysis, fundamental analysis, and even automated trading systems. But before diving in, it's important to understand the risks involved and develop a solid trading plan. So, how can you make money on pips? Let's explore some key strategies and considerations to help you get started.
benjamin_stokes_astronomer
Tue Aug 20 2024
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7 answers
1476
How do you convert pips to money?
I'm curious about how the process of converting pips to money actually works. Could you walk me through the steps involved in making this conversion? Are there any specific factors or formulas that need to be taken into account when doing so? Additionally, how does the exchange rate play a role in this conversion process? I'm interested in understanding the mechanics behind it, as I'm just starting out in the world of cryptocurrency trading and finance.
Leonardo
Tue Aug 20 2024
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5 answers
790
How much is 100 pips in gold?
Could you please clarify for me, what exactly is meant by "100 pips in gold"? In the world of finance and cryptocurrency, the term "pip" is often used in relation to currency pairs in the Forex market. However, when it comes to gold trading, pips are not typically the standard measurement for price movements. Instead, the value of gold is often quoted in ounces, grams, or troy ounces, and its price can fluctuate based on various market factors. Could you perhaps be referring to a specific platform or market where pips are used as a measurement for gold price movements? If so, I would need more context to provide an accurate answer.
Silvia
Tue Aug 20 2024
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5 answers
1373
What is the best pips for take profit?
I don't understand this question. Could you please assist me in answering it?
CryptoProphet
Tue Aug 20 2024
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5 answers
1464
How many pips is a penny?
I'm curious to understand the relationship between pips and pennies in the world of currency trading. Could you please explain to me, how many pips make up a penny when it comes to various currency pairs? And is this conversion rate consistent across all pairs, or does it vary depending on the currencies involved?
