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Questions tagged [convert pips into dollars]

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SakuraDance SakuraDance Mon Dec 02 2024 | 5 answers 671

How to convert pips into dollars?

I want to know how to convert pips, which are often used in currency trading, into dollars. I'm looking for a clear and simple explanation or formula to help me understand this conversion process.

How to convert pips into dollars?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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