What is the formula to calculate profit in digital currency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  Sure, calculating profit in digital currency trading is relatively straightforward. The formula is: (Sell Price - Buy Price) * Quantity. This formula calculates the difference between the selling price and the buying price, and then multiplies it by the quantity of digital currency traded. The result will give you the profit or loss made from the trade. Remember to consider any transaction fees or commissions when calculating your profit.
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• Dec 28, 2021 · 3 years ago
  Calculating profit in digital currency trading is as easy as pie! Just subtract the buying price from the selling price, and then multiply the result by the quantity of digital currency you traded. Voila! You've got your profit. Don't forget to take into account any fees or commissions that may have been incurred during the trade.
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• Dec 28, 2021 · 3 years ago
  When it comes to calculating profit in digital currency trading, the formula is pretty simple. Just take the selling price minus the buying price, and then multiply that by the quantity of digital currency you traded. Easy peasy! Oh, and don't forget to factor in any fees or commissions that might have been charged during the trade. Happy trading!
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