The smallest unit used to measure price movements in a currency pair. One pip = 0.0001, i.e the fourth decimal place of that Forex pair. For example, if EUR/USD moves from 1.1370 to 1.1371, that US$0.0001 increase is equivalent to one pip.
The smallest unit used to measure price movements in a currency pair. One pip = 0.0001, i.e the fourth decimal place of that Forex pair. For example, if EUR/USD moves from 1.1370 to 1.1371, that US$0.0001 increase is equivalent to one pip.
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