Free Forex MQL Training
Free Forex, Candlestick Charts, and MetaTrader Training
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| Pip |
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| Written by Al Parsai | |
| Sunday, 01 February 2009 | |
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The acronym "PIP" or rather pip which stands for "percentage in point" refers to the smallest measure for price movements in the Forex market. Since currency prices in Forex market are quoted in fractions, pip is the smallest decimal place that you could find in the price quotes. Click here for more information about pip.
Some of the market makers have recently offered the concept of fractional pip. Click here for more information about fractional pip.
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| Last Updated ( Saturday, 21 February 2009 ) |
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