Cryptocurrency Q&A
How much profit from 1 pip?
How much profit from 1 pip?
GangnamGlamour
Thu Oct 31 2024
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7 answers
1971
I'm wondering how much money I can earn from a single pip in trading. I want to understand the profit potential of each small movement in the market.
7 answers
Margherita
Sat Nov 02 2024
This means that in a Forex quote, the price can extend out to four decimal places.
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WhisperInfinity
Sat Nov 02 2024
A pip in Forex represents the smallest measurable unit of change between the bid and ask prices in a foreign exchange quote.
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KpopHarmony
Sat Nov 02 2024
This unit of measurement is crucial for determining profit and loss in currency trading.
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Raffaele
Sat Nov 02 2024
Specifically, a pip is equivalent to 1/100 of 1%, or 0.0001 in decimal form.
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Chiara
Fri Nov 01 2024
For example, if the USD/EUR exchange rate is 1.1234, a movement of one pip would change the rate to 1.1235 or 1.1233.
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