common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

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

avatarRohith GantaNov 23, 2021 · 3 years ago2 answers

In cryptocurrency trading, what is the distinction between points and pips? How are they calculated and what do they represent?

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

2 answers

  • avatarNov 23, 2021 · 3 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.
  • avatarNov 23, 2021 · 3 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.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions