Understanding Profit and Loss (PnL) Analysis is crucial for evaluating your trading performance. Biconomy provides three different tabs for PnL analysis:
1. Account Analysis
2. Asset Analysis
3. Trade Analysis
Each tab offers unique insights into your trading activity.
What is Profit and Loss (PnL)?
PnL (Profit and Loss) is a method to track how much you have earned or lost in cryptocurrency trading. Biconomy helps you visualize your trading performance through three key components:
1. Realized PnL:
• The profit or loss from completed trades.
• Example: If you buy Bitcoin at 85,000 USDT and later sell it at 90,000 USDT, your profit is 5,000 USDT after deducting trading fees.
2. Unrealized PnL:
• The potential profit or loss from assets you currently hold.
• Example: If you buy Ethereum at 3,000 USDT and its price rises to 3,500 USDT, your unrealized profit is 500 USDT.
3. Total PnL:
• The sum of realized and unrealized PnL, representing your overall trading performance.
How to Check PnL Analysis on the Biconomy App?
1. Tap the “Wallet” icon in the bottom navigation bar.
2. Tap “Overview” to check today’s total PnL.
3. Tap “Spot” to view spot trading PnL.
Disclaimer & Risk Warning
Biconomy provides all trading analysis and guides for educational purposes only and does not constitute investment advice. The examples and strategies provided are for reference only, and actual market conditions may vary.
Cryptocurrency trading involves high risks, including the potential for financial loss. Past performance does not guarantee future results. Please fully understand the risks involved before trading. Biconomy is not responsible for users’ trading decisions.
If you have any questions, please contact Biconomy Customer Support—we are here to assist you!
Biconomy Team