What Is A Pip
August 30, 2011 by admin
Filed under Fx Forex Trading Courses
www.4xlearning.com In this video we are going to talk about “PIP”… A “pip” is the smallest measurement for a currency rate, and it is usually the 4th decimal for all major pairs except for JPY, which uses the 2nd decimal… For example, if the exchange rate for USDCAD moved from 0.9800 to 0.9802, it means that the rate moved up 2 “pips”.
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