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Forex Stock Exchange Forum » Forex and Stock Trading English Forum » Forex School » What is a pip?

What is a pip?

2 posters

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1attention What is a pip? Mon Aug 31, 2015 10:51 pm

SuperHero

SuperHero

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.

2attention Re: What is a pip? Fri Sep 11, 2015 11:17 am

Vlad

Vlad

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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