When the term pip is used in forex trading it means "percentage in point". In forex prices are quoted to the fourth decimal point with the exception of the Japanese Yen (JPY) which is quoted to the secon decimal point. An example of a pip is: GBP/USD might be bid at 1.182 and offered at 1.186. The pip spread in this example is 4 pips
Best Forex Brokers
0 comments:
Post a Comment