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Questions tagged [applicability]

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MysticGlider MysticGlider Mon Aug 19 2024 | 7 answers 1591

Do pips apply to Crypto?

I'm curious, do pips, which are commonly used in traditional currency trading to measure the change in value between two currencies, also apply to cryptocurrency trading? I've noticed that cryptocurrency markets can be highly volatile, so I'm wondering if there's a similar metric used to quantify the fluctuations in the value of digital assets. Could you elaborate on whether pips are relevant in the world of cryptocurrency trading, and if not, what alternative measures are typically used?

Do pips apply to Crypto?

Topics at Cryptocurrency Q&A

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| Topics at Cryptocurrency Q&A

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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