Forex Terms

PIP

Jun 17th, 2008 | By Forex Noob | Category: Forex Terms

Pip? What is pip?
Pip is “Percentage In Point”.
One pip is .0001
At the time of this writing…
1.00 EUR = 1.55309 USD
Let’s say you buy EUR/USD at 1.55309 and
then you sell at 1.55359 one week later.
Then, you made profit of 5 pip.

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