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Pip
From Forexpedia
| Definition:
The most common increment of currencies is know as the "pip." It is the smallest value change in a currency pair exchange rate. |
For instance, if the EUR/USD moves from 1.2250 to 1.2251, that is ONE pip. A pip is the last decimal place of a quotation. A positive or negative pip value is how you measure your profit or loss.
Categories: Other | Terms
