Eliza_King
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Please explain to me what a pip is?
This old thread will help you to get your answer https://www.forexpeacearmy.com/community/threads/definition-of-pip-needs-clarification.18209/Please explain to me what a pip is?
The unit of measurement to express the change in value between two currencies is called a “pip.Please explain to me what a pip is?
I'd also recommend getting on to BabyPips School of PipsologyPlease explain to me what a pip is?
Thank you!!This old thread will help you to get your answer https://www.forexpeacearmy.com/community/threads/definition-of-pip-needs-clarification.18209/
Don't forget to visit Forex Military School for information
Best of luck
Oooh yes I’ve seen this before - thanks!I'd also recommend getting on to BabyPips School of Pipsology
Really great to start on
Ok I get you! Thanks!Pip in my understanding is smallest unit price change on 4 digit broker, let say EURUSD move from 1.2000 to 1.2001 it has value 1 pip, but in 5 digit broker called a pipette, its smallest unit price change, let say EURUSD 5 digit broker move from 1.20000 to 1.20001 it has value 1 pipette, so 1 pip equivalent with 10 pipettes, corrected if me wrong.
You are most welcome!Thank you!!