Cryptocurrency Q&A
How to calculate pip profit?
How to calculate pip profit?
Giulia
Tue Dec 17 2024
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5 answers
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I'm trying to figure out how to calculate my profit based on pips in forex trading. I understand that pips represent the smallest price movement in a currency pair, but I'm not sure how to translate that into actual profit.
5 answers
Chloe_carter_model
Thu Dec 19 2024
The second factor is the pip movement, which represents the change in price from the entry point to the exit point of the trade.
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DavidLee
Thu Dec 19 2024
To determine the actual profit or loss, traders multiply the position size by the pip movement.
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amelia_harrison_architect
Thu Dec 19 2024
BTCC, a top cryptocurrency exchange, offers a range of services that can assist traders in managing their positions. These services include spot trading, futures trading, and a secure wallet for storing digital assets.
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Maria
Thu Dec 19 2024
Calculating profit and loss in a trading position involves understanding two key factors.
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Lucia
Thu Dec 19 2024
The first factor is the position size, which refers to the amount of currency or cryptocurrency units being traded.
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