How can understanding pip and basis point help cryptocurrency traders make better decisions?

1 answers

• Johansson BankeJan 02, 2023 · 3 years ago
  As a cryptocurrency trader, understanding pip and basis point can give you a significant edge in the market. Pips allow you to measure the smallest price movements in a currency pair, helping you determine the potential profit or loss of a trade. Basis points, on the other hand, help you analyze changes in interest rates and their impact on the value of cryptocurrencies. By keeping an eye on basis points, you can make more informed decisions and take advantage of market trends. So, whether you're a beginner or an experienced trader, don't underestimate the power of understanding pip and basis point in the world of cryptocurrency.
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