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Blog2019-07-23T14:22:05+00:00

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  • PIP

What does PIP mean in forex trading?

What does PIP mean in forex trading? Have you ever heard the acronym “pip” before? Pip is the acronym for "percentage in point". A pip is the smallest price move that an exchange rate can make based on what is happening in the market. Currency pair traders will buy or sell a currency whose value is expressed in relationship to another currency. A pip is one of the most basic concepts of currency pair trading. To make it simple, a trader who wants to buy the USD/CAD pair would be purchasing US Dollars and simultaneously selling Canadian Dollars. On the other hand, a trader who wants to sell US Dollars would sell

August 26th, 2019|

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