Forex Trading Tips » Instant Forex Profit System http://forextradingtipsblog.com Learn How To Trade Like A Pro Sat, 17 Dec 2011 11:10:20 +0000 en hourly 1 http://wordpress.org/?v= What Is Pip Value In Forex Trading? http://forextradingtipsblog.com/what-is-pip-value-in-forex-trading/ http://forextradingtipsblog.com/what-is-pip-value-in-forex-trading/#comments Sat, 31 May 2008 00:35:51 +0000 trader http://forextradingtipsblog.com/?p=10 This is a term you will see very often when trading Forex.  Another word for “Pip” is what’s known as the “Tick Value”, and it stands for “percentage in point”.  A pip is the smallest increment of change in price for a currency.  Most major currency pairs are priced to four decimal places, such as 1.5795. In this case, if the price changes from 1.5795 to 1.5796, then it changed 1 pip.

It can be fun to check out the Pip value so that you’ll know approximately how much you’re earning within those few seconds and because it is mainly used in currency futures, you may notice why the Pip are almost always fixed.  Can this be a reason why so many traders and investors are moving away from currency futures to spot forex trading?  Or Is it because the commissions charged by brokers are just too high?

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