EVERYTHING ABOUT FOREX
In the currency market the slightest price change is called a “pip”. “Pip” means ”Price Interest Point”. In general, the 1 pip change expresses the change in the fourth decimal (0.0001).
Example: The rise of a currency price from 1.3450 to 1.3453 expresses an increase in 3 pips.
At FOREX the spread or the operation cost is also measured in pips. The change of the 5th number after the comma in a currency price is called “point”.
Example: Price increase from 1.34528 to 1.34572 expresses the rise in 44 points or 4.4 pips.
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