What is a Pip in Forex?

A pip is a common term in trading forex. However, you may not know what it means. A pip is the smallest increment of price movement a currency can make. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.

Are you interested in learning more forex trading terminology? HERE is a list of forex trading terminology.

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