Sumber : Lobakmerah
What Is A Forex Pip
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.
What the heck is a Pip?
The unit of measurement to express the change in value between two currencies is called a “pip.”
If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
A pip is usually the last decimal place of a quotation.
Most pairs go out to 4 decimal places, but there are some exceptions like Japanese Yen pairs (they go out to two decimal places).
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