Cryptocurrency Q&A
How to calculate pips profit?
How to calculate pips profit?
FantasylitElation
Wed Dec 18 2024
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7
answers
1703
I'm trying to figure out how to calculate the profit in pips from a forex trade. I need to understand the formula or method used to determine this so I can accurately assess my trades.
7 answers
CryptoNinja
Fri Dec 20 2024
For the EUR/USD pair, the pip value can be calculated by multiplying the trade value by 0.0001.
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Sara
Fri Dec 20 2024
For instance, if you trade 10,000 euros, the pip value will be $1.
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GyeongjuGloryDaysFestivalJoy
Fri Dec 20 2024
This means that for every pip movement in the EUR/USD pair, you will gain or lose $1.
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Chiara
Fri Dec 20 2024
Calculating the pip value is crucial in understanding the profit or loss in currency trading.
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BitcoinWarrior
Fri Dec 20 2024
If you bought 10,000 euros against the dollar at a rate of 1.0801 and later sold them at 1.0811, you would have made a profit.
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