What is the difference between points and pips in the context of cryptocurrency trading?

2 answers

• Hedda D AsperheimSep 25, 2023 · 2 years ago
  Points and pips may seem similar, but they have distinct applications in different trading contexts. While points are used in futures markets, pips are more commonly used in forex trading. Understanding the difference between points and pips is crucial for accurately analyzing and interpreting price movements in cryptocurrency trading.
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• DriplesJul 25, 2021 · 4 years ago
  Points and pips are essential concepts in cryptocurrency trading. Points represent the smallest price increment and are calculated based on the decimal places of the cryptocurrency price. Pips, on the other hand, represent the fourth decimal place of a currency pair and are commonly used in forex trading. By understanding the difference between points and pips, traders can better analyze and interpret price movements in the cryptocurrency market.
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