You’ve probably heard them a million times; “PIPs” and “LOTs” may be little but in the trading world they’re a BIG thing. You won’t understand trading until you understand them.
What the pip!?
PIP stands for “percentage in point” and is the smallest possible increment in a quote.
Example: GBP/USD has a rate of 1.5696 a PIP here would be 0.0001.
USD/JPY has a rate of 123.45 a PIP here would be 0.01.
So a PIP is essentially the last decimal place of quotation, most currency pairs will have a PIP being equal to 0.0001 as they are usually quoted to 4 decimal places. This isn’t always the case however, as we can see from the example above.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
ہمارے پریشانی مفت عمل کے ساتھ PU پرائم لائیو اکاؤنٹ کے لئے سائن اپ کریں.
بغیر کسی تکلیف کے اپنے اکاؤنٹ کو وسیع چینلز اور قبول شدہ کرنسیوں کے ذریعے فنڈ کریں۔
مارکیٹ لیڈنگ ٹریڈنگ حالات کے تحت سینٹوں کی تعداد تک رسائی حاصل کریں.