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What is PIP in Forex?


Lincoln Ferguson
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Hi, thank you for asking!

 Pip, or short “Point in Percentage” represents the change in currency pair in Forex exchange. Pip is the smallest amount by which a currency can change. It is usually 1/100th of 1%. The importance of a pip is to understand the effect of its change in a single currency pair. For example in the EUR/USD pair is pip changes in favor of USD, you can buy more Euros for fewer dollars.
 

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