Cryptocurrency Q&A
What is 1 pip in forex?
What is 1 pip in forex?
OpalSolitude
Thu Oct 31 2024
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6 answers
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I'm trying to understand forex trading, and I've come across the term 'pip'. Could someone explain what 1 pip represents in the context of forex trading?
6 answers
Rosalia
Sat Nov 02 2024
This metric allows traders to quantify the profit or loss from their positions accurately.
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RubyGlider
Sat Nov 02 2024
In forex trading, pips serve as a crucial measure of movement.
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EnchantedSoul
Sat Nov 02 2024
They signify a one-digit change observed in the fourth decimal place of a currency pair's price.
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Lorenzo
Fri Nov 01 2024
The term 'pip' is an abbreviation for 'point in percentage'.
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CryptoProphet
Fri Nov 01 2024
To illustrate, let's consider the EUR/USD currency pair.
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