What is a pip?
forex_trader_366436
Member Since Oct 05, 2016
10 posts
Mar 24, 2017 at 07:08
bitfx posted:
When you put this question on google different entries appear. I do not understand why he does not.
This concept is so basic 😡
I agree with you. There are thousands of concepts alike and in different ways that you could look for and have some information.
forex_trader_367569
Member Since Oct 09, 2016
15 posts
Mar 26, 2017 at 07:03
A 'PIP' represents one percentage point. Simpler still, it is what in the Forex world we consider a 'point' for the calculation of gains and losses.
Apr 07, 2017 at 11:29
A pip in forex stands for point in percentage. It represents the change in value between two currencies. It is usually a last decimal place of price of currency. For example – if EUR/USD moves from 1.2256 to 1.2257 then this 0.0001 pip rise in value of the currency pair represents a pip.
Member Since Apr 18, 2017
38 posts
May 17, 2017 at 06:29
Well, the unit of measurement to express the change in value between two trading currencies is called a pip! Actually, in my live trading I measure my success and failure ratios by pips calculation! Like, right now my daily trading target is 60 pips and my monthly trading target is 1300+ pips!
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