“Pip” stands for percentage in point or price interest point. In the world of forex trading, it’s the tiniest price move an exchange rate can make, following the conventions of the forex market.Most currency pairs have prices written to four decimal places. A single pip is the smallest unit of change in the fourth decimal place (like 1/10,000th). For instance, the USD/CAD currency pair’s smallest possible move is $0.0001, equal to one pips.
Popular Posts
