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SuperHero
Number of messages : 34
Points : 1585
Date of Entry : 2015-08-31
Year : 39
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ma1 What is a pip?

on Mon Aug 31, 2015 10:51 pm
A pip is the smallest movement in a currency quote and for most major currencies is displayed as 0.0001, except for the Japanese Yen (JPY) where a pip represents 0.01.   Most currencies are traded in lot sizes of 100,000 units of the base currency, where one pip is equal to 10 units of the quoted currency.
Vlad
Number of messages : 192
Points : 1819
Date of Entry : 2015-04-21
Year : 30
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ma1 Re: What is a pip?

on Fri Sep 11, 2015 11:17 am
In fact, in transactions in the Forex market, it is important to predict profit or loss not only in points (pips), but to be able to translate these items into cash equivalent.
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