Cryptocurrency Q&A
What is 0.01 pips?
What is 0.01 pips?
BusanBeautyBloomingStarShine
Sun Apr 06 2025
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7
answers
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I'm trying to understand what is meant by 0.01 pips in the context of trading. Could someone explain this concept to me in simple terms?
7 answers
Davide
Tue Apr 08 2025
Understanding the value of 0.01 pips in trading requires an analysis of the currency pair involved.
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AmethystEcho
Tue Apr 08 2025
The concept of a pip varies depending on the specific currency pair you are trading.
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Tommaso
Tue Apr 08 2025
For instance, when trading the EURUSD, one pip is equivalent to 0.0001.
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WhisperInfinity
Tue Apr 08 2025
This means that 0.01 pips in EURUSD would be worth 0.00001.
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Martina
Mon Apr 07 2025
On the other hand, when trading the USD/JPY, one pip is worth 0.01.
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