Cryptocurrency Q&A
How much profit is a pip?
How much profit is a pip?
ethan_thompson_psychologist
Wed Dec 18 2024
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6 answers
1958
I'm trying to understand the concept of pips in trading. Specifically, I want to know how much profit is associated with a single pip. Can someone explain this to me in simple terms?
6 answers
Raffaele
Fri Dec 20 2024
Specifically, in this example, one pip is equivalent to 0.0001.
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Stefano
Fri Dec 20 2024
The trader in question has made a profit of 20 pips.
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Arianna
Fri Dec 20 2024
This profit is calculated by subtracting the opening price of 1.0548 from the closing price of 1.0561.
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JejuJoyful
Fri Dec 20 2024
In currency trading, a pip represents a small movement in the exchange rate.
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KimonoGlitter
Fri Dec 20 2024
The result is 0.0020, which corresponds to 20 pips.
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