A pip is the unit you rely revenue or loss in. Most foreign money pairs, besides Japanese yen pairs, are quoted to 4 decimal locations. The fourth spot after the decimal level (at one a hundredth of a cent) is usually what one watches to rely “pips”. Each level that place within the quote strikes is 1 pip of motion. For instance, if the GBP/USD rises from 1.5863 to 1.5864, the GBP/USD has risen 1 pip.
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