Why Every Forex Trader Needs A Pip Calculator
04/07/2024 Financial & Legal Services
Price: 100.00 ₹
Description
In the world of forex trading, understanding and calculating PIPs (Percentage in Points) is essential. A PIP is the smallest price movement that a given exchange rate can make based on market convention. For most currency pairs, a PIP is equal to 0.0001, but it can vary depending on the currency pair being traded. Understanding PIPs is crucial because they form the basis of how traders measure price movements and potential profits or losses.
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