Be Careful❗❗ Miscalculate Messy Trading Pips ❗❗

Pip stands for point in percentage. Pip is the smallest point unit to represent price changes in forex trading. Therefore, the accumulation of profits and losses during the current position following price movements in forex is also calculated in pips / in the plural it is called pips.

PIP is the last tens value in a currency pair. In most currency pairs 1 pips is equal to 0.0001. So, when a trader buys EUR/USD at 1.5200 and sells at 1.5201, that means the trader earns 1 pip. Of course, each currency pair has a different value, for example there is a USD/JPY pair whose price is shown only 2 decimal places after the comma, while others are 4 decimal places like EUR/USD earlier. The most important thing is to know how to calculate the content of each pip.

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