A pip is the smallest increment a price moves and will determine the profit or loss of the trade.
A pip is most currencies is 0.0001 or 01% but depends on currency pair.
If currency moves from 2.0700 to 2.0710 it has moved with 10 pips.
When you have an open position each upward or downward pip movement in the market price can be either a profit or loss.
the value of pip is determined by the pair or currencies being traded and the rate at which the currency pair is trading.
For example if the dollar is not the base currency (EUR/USD) each pip has a fixed value of $10 so if you are trading EUR/USD and the market moves 5 pips in your favor then your profit would be $50.
A pip is most currencies is 0.0001 or 01% but depends on currency pair.
If currency moves from 2.0700 to 2.0710 it has moved with 10 pips.
When you have an open position each upward or downward pip movement in the market price can be either a profit or loss.
the value of pip is determined by the pair or currencies being traded and the rate at which the currency pair is trading.
For example if the dollar is not the base currency (EUR/USD) each pip has a fixed value of $10 so if you are trading EUR/USD and the market moves 5 pips in your favor then your profit would be $50.
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