Cryptocurrency Q&A
What size is a pip?
What size is a pip?
Martina
Thu Dec 19 2024
|
6 answers
842
I'm trying to understand the concept of a pip in trading. Specifically, I want to know the size of a pip, as it's crucial for calculating profits and losses in forex trading. Could someone please explain this to me?
6 answers
alexander_jackson_athlete
Fri Dec 20 2024
A pip represents a fractional change in the value of a currency pair.
Was this helpful?
129
41
KDramaLegendaryStar
Fri Dec 20 2024
The smallest possible change in this pair is $0.0001.
Was this helpful?
205
27
EthereumEmpress
Fri Dec 20 2024
This increment corresponds to one basis point, demonstrating the precision of currency trading.
Was this helpful?
172
74
CryptoLodestarGuard
Fri Dec 20 2024
Specifically, it is equivalent to 1/100 of 1%, which is also known as one basis point (bps).
Was this helpful?
85
94
Paolo
Fri Dec 20 2024
This small increment serves as the minimum movement that a currency pair can make during trading.
Was this helpful?
79
25
Load 5 more related questions
