Cryptocurrency Q&A
What is a pip for beginners?
What is a pip for beginners?
Michele
Wed Dec 18 2024
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5 answers
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I'm new to programming and heard about this thing called pip. I want to understand what it is and how it works for beginners like me. Can someone explain it in simple terms?
5 answers
Raffaele
Fri Dec 20 2024
In most cases, it is the last decimal place of a price quote.
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Daniele
Fri Dec 20 2024
For the majority of currency pairs, the pip extends to four decimal places.
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Federico
Fri Dec 20 2024
However, there are exceptions, such as pairs involving the Japanese yen.
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Riccardo
Fri Dec 20 2024
A pip represents a small increment in the price of a currency pair.
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BusanBeautyBlooming
Fri Dec 20 2024
For instance, in the EUR/USD pair, one pip equals 0.0001.
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