Cryptocurrency Q&A
What is a pip in forex?
What is a pip in forex?
BlockchainBaronGuard
Wed Oct 30 2024
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7 answers
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I'm trying to understand forex trading, and I came across the term 'pip'. Could someone explain what a pip is in the context of forex?
7 answers
KDramaLegendaryStarlight
Fri Nov 01 2024
To illustrate, let's consider the EUR/USD currency pair.
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SsangyongSpiritedStrength
Fri Nov 01 2024
A pip represents a one-digit change in the fourth decimal place of a currency pair's price.
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Elena
Fri Nov 01 2024
This small movement can have a significant impact on traders' positions and profits.
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Tommaso
Fri Nov 01 2024
The term 'pip' is an abbreviation for 'point in percentage'.
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SakuraPetal
Fri Nov 01 2024
It serves as a standard unit of measurement for price changes in the forex market.
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