Forex Trading For Beginners: What Is A Pip With Austin Silver – SilverFX Show 248

Forex Trading For Beginners
A pip is a unit of measurement in the forex market. Understanding how to count pips correctly is the only way to calculate how much money you are going to need to risk in order to make potential gains.

The monetary value of each pip depends on three factors: the currency pair being traded, the size of the trade, and the exchange rate. Based on these factors the fluctuation of even a single pip can have a significant impact on the value of the open position.

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Follow Austin on Instagram for more tips and education @austinsilverfx

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