What is a Pip in Forex?
Here is where we’re going to do a little math. You've probably
heard of the terms “pips,” “pipettes,” and “lots” thrown around, and here we’re
going to explain what they are and show you how their values are calculated.
Take your time with this information, as it is required knowledge
for all Forex traders. Don’t even think about trading until you are comfortable
with pip values and calculating profit and loss.
In the short the different between bid/ask price are called pip for
Example:
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