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What is PiP?

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asked May 5 in Forex by Emilly

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answered May 5 by Urlih

Pip stands for "percentage in point" and is the smallest increment of trade in FX.

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answered May 5 by Ros86

 In the FX market, prices are quoted to the fourth decimal point and the change in fourth decimal is called 1 pip and it is equal 1/100th of 1%. 

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