What are pips in Forex trading?
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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.