Cryptocurrency Q&A
How much is 1 pips?
How much is 1 pips?
alexander_rose_writer
Fri Dec 06 2024
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6 answers
1063
I'm trying to understand the concept of pips in trading. Specifically, I want to know the value or amount represented by 1 pip. Can someone explain this to me?
6 answers
Chloe_emma_researcher
Sun Dec 08 2024
Currencies are typically priced with four decimal places.
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SeoulSoul
Sat Dec 07 2024
One pip signifies a change equivalent to 1/100th of a percent.
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BitcoinWizardry
Sat Dec 07 2024
In financial terms, this represents one basis point.
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CharmedClouds
Sat Dec 07 2024
This convention allows for precise measurement of value changes.
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StormGlider
Sat Dec 07 2024
The smallest fluctuation in a currency pair is reflected in the final digit.
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