What is a pip?

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

SuperHero

Number of messages : 34
Points : 3472
Date of Entry : 2015-08-31
Year : 44

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

Vlad

Number of messages : 264
Points : 3784
Date of Entry : 2015-04-21
Year : 35

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.

What is a pip?

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

SuperHero

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

Vlad

Welcome to the forum Forex Stock Exchange Forum