How do pips and bps affect the profitability of cryptocurrency trades?

1 answers

• Shepherd UdsenJul 14, 2022 · 3 years ago
  When it comes to the profitability of cryptocurrency trades, pips and bps are two important factors to consider. Pips refer to the smallest price movement, while bps represent a fraction of a percentage point. These measurements help traders gauge the potential gains or losses in their trades. For example, if a cryptocurrency's price moves by 10 pips, it means the value has changed by a small fraction. Similarly, a change of 100 bps indicates a 1% change in value. By understanding the impact of pips and bps, traders can make more informed decisions and assess the potential profitability of their trades. Remember, every pip and bp counts in the world of cryptocurrency trading, so it's essential to pay attention to these factors.
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