What are pips in Forex trading?
Welcome!
This community is for professionals and enthusiasts of our products and services.
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
2
Replies
20
Views
A pip (percentage in point) is the smallest price movement in a currency pair. It is usually the fourth decimal place for most pairs (e.g., 0.0001) and the second decimal place for pairs involving the Japanese Yen (e.g., 0.01). Pips are used to measure price changes and calculate profit or loss.
A pip (percentage in point) is the smallest price movement in a currency pair. It is usually the fourth decimal place for most pairs (e.g., 0.0001) and the second decimal place for pairs involving the Japanese Yen (e.g., 0.01). Pips are used to measure price changes and calculate profit or loss.