What is a Pip? | Forex Trading for Beginners

Forex Trading For Beginners
A pip is the unit you count profit or loss in. Most currency pairs, except Japanese yen pairs, are quoted to four decimal places. The fourth spot after the decimal point (at one 100th of a cent) is typically what one watches to count “pips”. Every point that place in the quote moves is 1 pip of movement. For example, if the GBP/USD rises from 1.5863 to 1.5864, the GBP/USD has risen 1 pip.

For more videos, visit FXCM’s YouTube channel: http://www.youtube.com/forexcapitalmarkets
Currency trading may result in a loss in excess of your deposited funds.

Products You May Like

Articles You May Like

US said to hold off on car tariff for now after Trump meeting
Here’s a look at how bad it is for Canadian oil
Cable dips under 1.31 as the pound slips on the day
Forex Trading – Risk Management With The AssarV10 Team – Forex Trading Strategies
Z4X Long Term Forex Trading System

Leave a Reply

Your email address will not be published. Required fields are marked *