Cryptocurrency Q&A
How much is 1 pip?
How much is 1 pip?
Federica
Fri Dec 27 2024
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7 answers
1320
I'm trying to understand the concept of pips in trading. Specifically, I want to know the value of 1 pip. Can someone explain this to me in simple terms?
7 answers
KDramaLegendaryStarlightFestival
Sat Dec 28 2024
The concept of pip value differs across various currencies.
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CryptoConqueror
Sat Dec 28 2024
For major currency pairs, this increment is typically the fourth digit after the decimal point.
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Ilaria
Sat Dec 28 2024
Taking GBP/USD as an example, this means that a movement of 0.0001 in the exchange rate signifies a one-pip change.
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GeishaElegance
Sat Dec 28 2024
In the context of most prominent currency pairs, pricing extends to four decimal places.
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Tommaso
Sat Dec 28 2024
BTCC, a leading cryptocurrency exchange, offers a range of services.
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