stopdownlimitup
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What is a pip?
What is a pip?
- Thread starter stopdownlimitup
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the hare
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wackypete2
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You mean I have to actually click to get some info??
Why can't you just type it all here so I can easily read it without expending any effort.
Peter
Why can't you just type it all here so I can easily read it without expending any effort.
Peter
LittleKnown
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Percentage in point, you serious stopdown or have you hit a lull in your day?
Barramundi
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Wow, pip stands for percentage in point, I had no idea. Geez, the crucial information I missed out on by not studying finance 101
Robotica16
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A pip is a very small measure of change in a currency pair in the Forex market. It can be measured in terms of the quote or in terms of the underlying currency. A pip is a standardized unit and is the smallest amount by which a currency quote can change.
FXGroundworks
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The smallest increment in the difference of price. When you trade harmonic patterns for instance your PRZ (potential reversal zone) might have a small area to enter of 15 pips.
Then how do FX dealers advertise quoting a tenth a pip if it is the smallest amount by which a currency quote can change?
wackypete2
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Good question. They are not following the rules correctly. Please direct them to this thread so they can get a refresher on what a pip is :smart:
Peter
