Lincoln Ferguson Posted September 19, 2020 Share Posted September 19, 2020 Hello, I would like to know about PIP component in Forex. Quote Link to comment Share on other sites More sharing options...
0 Clark Kenneth Posted September 19, 2020 Share Posted September 19, 2020 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. Quote Link to comment Share on other sites More sharing options...
Question
Lincoln Ferguson
Hello, I would like to know about PIP component in Forex.
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.