The Best Currency Trader - Jimmy Rogers, Learning From the Best

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What do you understand by the term pip. Definition for Fibo Quantum Scalper Review the term may confuse you if you are new to the forex market. Here is everything you need to know about pips, what they are and how they are important to the forex market.

Definition-a pip is essentially the smallest price unit that is traded with respect to a currency. It is actually a shortened form of 'percentage in points'. As most currencies are usually traded up to four decimal points, a pip would indicate a value of.0001 i.e. one hundredths of a cent. Sounds incredibly tiny. Well, not really. You see, a standard trade in the forex market would translate into a value of $100000. So, a pip here would be equal to $10. Doesn't sound that tiny now, does it.

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