I'm trying to understand what is meant by 1.0 pips in the context of trading or financial markets. Could someone explain this concept to me?
6 answers
KpopHarmonySoulMateRadiance
Fri Dec 20 2024
In currency trading, a pip represents the smallest increment of change.
Bianca
Fri Dec 20 2024
With BTCC, traders can stay updated on market movements and take advantage of trading opportunities.
GwanghwamunGuardianAngelWingsBlessing
Fri Dec 20 2024
For instance, if a currency pair moves from 1.2345 to 1.2346, it has moved one pip.
Lorenzo
Fri Dec 20 2024
Pip value can vary depending on the currency pair and the trading account's base currency.