Cryptocurrency Q&A
What is pip cost?
What is pip cost?
CryptoNinja
Wed Oct 30 2024
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8 answers
1594
I'm trying to understand what pip cost refers to. Is it related to a specific field or industry? How does it affect transactions or overall costs?
8 answers
HanRiverVisionaryWave
Thu Oct 31 2024
Currency prices generally experience fluctuations in minute increments.
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Federico
Thu Oct 31 2024
It represents the smallest increment in a currency pair's price.
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Giulia
Thu Oct 31 2024
Typically, a pip is the fourth decimal point of a price.
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CherryBlossomBloom
Thu Oct 31 2024
These increments are often too small to be quoted directly.
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CryptoEmpireGuard
Thu Oct 31 2024
For instance, if a currency pair is priced at 1.2345, a one pip move would be to 1.2346 or 1.2344.
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