Cryptocurrency Q&A
How much profit is 1 pip?
How much profit is 1 pip?
Maria
Tue Dec 17 2024
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6 answers
1181
I'm trying to understand the concept of pips in trading. Specifically, I want to know how much profit is equivalent to 1 pip. Can someone explain this to me in simple terms?
6 answers
HanRiverVisionaryWaveWatcher
Thu Dec 19 2024
Specifically, a pip is the difference between the bid and ask prices.
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EnchantedNebula
Thu Dec 19 2024
In numerical terms, a pip is equivalent to 1/100 of 1%.
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Ilaria
Thu Dec 19 2024
This fraction translates to 0.0001 when expressed as a decimal.
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HanbokGlamourQueen
Thu Dec 19 2024
A pip plays a crucial role in foreign exchange trading.
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Nicola
Thu Dec 19 2024
It represents the smallest measurable change in the value of a currency pair.
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