PIPs in Forex Explained
12:12
YouTubeTradersRoom
PIPs in Forex Explained
What are Pips? A pip (short for "percentage in point") is a standard unit of measurement for price movements in Forex trading. It represents the smallest incremental move that a currency pair can make, usually at the fourth decimal place for most pairs. Key Characteristics: For most currency pairs, one pip is equal to 0.0001. For pairs ...
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