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What is PIP

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J Martin
Number of messages : 69
Points : 719
Date of Entry : 2020-03-13
Residence Country : Bangladesh

attention What is PIP

Sun Apr 26, 2020 9:12 am
The full type of Pip is ''Percentage in Point'. A pip is the last digit in the estimation of a currency pair (in the event that you are trading from a 4 digit price support); 1.3294, 115.13 et cetera. All Forex currency pairs, except for the Japanese Yen, measure the pip from the fourth decimal place. The pip gap between purchase and offer price is called spreads.
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