What is a "PIP"?
What is a "PIP"?
A pip is the smallest increment a price moves and it determined the profit or loss.
For instance, the EUR/USD pair moves from 1.2500 to 1.2505 it has moved 5 pips up. When you have an open position, each up or down pip movement in the market price can be either a profit or a loss.
A pip is the smallest increment a price moves and it determined the profit or loss.
For instance, the EUR/USD pair moves from 1.2500 to 1.2505 it has moved 5 pips up. When you have an open position, each up or down pip movement in the market price can be either a profit or a loss.
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