What is a pip?

[stopdownlimitup]

What is a pip?

 

[the hare]

Pip - Wikipedia, the free encyclopedia

 

[wackypete2]

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

 

[LittleKnown]

Percentage in point, you serious stopdown or have you hit a lull in your day?

 

[Barramundi]

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]

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]

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.

 

[debrox]

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.

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]

Then how do FX dealers advertise quoting a tenth a pip if it is the smallest amount by which a currency quote can change?

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