Traderpedia

Pip

Revision as of 11:49, 23 September 2005 by Rhody Trader (Talk | contribs)

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Definition:
the smallest unit of price movement for a given instrument.

In the stock market this is generally 1/100th of a point - a point being the currency of measure such as Dollar, Pound, Euro, etc.

A pip is sometimes referred to as a tick.

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