How do you convert pips to profit?
I'm trying to understand how to convert pips into profit in trading. Could someone explain the process or provide a formula for this conversion?
Can I put stop-loss above buy price?
I'm considering setting a stop-loss order for my investment, but I'm not sure if it's possible to set it above the buy price. I want to understand if this is a viable option to manage my risks.
How many ticks is 1 pip?
I'm trying to understand the relationship between ticks and pips in trading. Specifically, I want to know how many ticks are equivalent to 1 pip. Can someone clarify this for me?
What is city index leverage?
I want to understand what city index leverage is. I'm looking for an explanation of how it works and what it means in the context of trading and investing.
What is block trade vs sweep?
I'm trying to understand the difference between block trade and sweep in the financial markets. Could someone explain the characteristics and uses of each?