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what is PIP in forex trading ???

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Dec 1 at 10:57:22
Abdul
Abdul
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PIP is stand for PRICE INTEREST POINT .Currencies are quoted in pairs and mostly in 4 decimal places & PIP is the smallest change in value for any given forex quote. for example
1 euro = 1.35052 USD . in this statment 1 euro is a base currency, usd is a quoted currency and in 1.35052 usd , the digits 5 after 1.350 is simply called a pip.and the digit 2 after 1.3505 is called a fractional pip.

Dec 1 at 11:8:6
Muhammadbilal
Muhammadbilal
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