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Understanding What a Pip Is in Forex and Trading | #Dominion Markets #Forex Pip

Understanding What a Pip Is in Forex and Trading

In the forex (foreign exchange) market, a pip simply refers to the smallest possible price change in any currency pair. Most major pairs like EUR/USD quote to four decimal places, so a single pip equals 0.0001 (one-hundredth of a cent). For example, if the EUR/USD pair moved from 1.1500 to

Understanding What a Pip Is in Forex and Trading

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