What is the formula used to determine the profit or loss in cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! The formula to calculate profit or loss in cryptocurrency trading is: (Sell Price - Buy Price) * Quantity. This formula subtracts the buy price from the sell price and then multiplies the result by the quantity of cryptocurrency traded. The resulting value will be the profit or loss from the trade. Remember to consider any transaction fees or commissions when calculating the profit or loss.
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• Dec 17, 2021 · 3 years ago
  Calculating profit or loss in cryptocurrency trading is pretty straightforward. You simply subtract the buy price from the sell price and multiply the result by the quantity of cryptocurrency traded. Don't forget to take into account any fees or commissions associated with the trade. This formula will give you the profit or loss you made from the trade.
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• Dec 17, 2021 · 3 years ago
  When it comes to determining the profit or loss in cryptocurrency trading, the formula is quite simple. You take the difference between the sell price and the buy price, and then multiply that by the quantity of cryptocurrency you traded. This will give you the profit or loss from the trade. Keep in mind that transaction fees and other costs should also be factored in for an accurate calculation.
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