The worth of 1 pip in EUR USD
Posted on August 10, 2021| Posted in Blog, General Articles, Trading Framework
PIP stands for “Price Interest Point” and is the last decimal place of a quote. It is mostly used in Forex trading and since Forex pairs usually have 4 decimal numbers, generally 1 pip is the change of 1 point at the 4th value of the currency pair; we could also define 1 pip as 1/100 of a cent.
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