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| Pip in Forex Trading |
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| Written by Al Parsai | ||||||||
| Wednesday, 24 September 2008 | ||||||||
Page 5 of 6
What is Fractional Pip?
Some brokers offer pip fractions or rather an extra decimal place in their prices. These brokers show the price of non-Yen pairs as d.ddddd instead of d.dddd (for example 1.32451 instead of 1.3245) and Yen pairs as ddd.ddd instead of ddd.dd (for example 106.258 instead of 106.26). We call the last decimal place in such pricing a pip fraction or tenth pip.
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| Last Updated ( Friday, 13 February 2009 ) | ||||||||
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