davtrent55
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I wish they'd make it more simple and have all pairs with the same number of decimal places....
Divide exchange rate by 10000 (or by 100 in XXX/JPY pairs) and you will get the pip. Basically it is a unit of measurement of exchange rate movement.Please explain to me what a pip is?
This would make life simpler lolI wish they'd make it more simple and have all pairs with the same number of decimal places....
Yes, definitely. But I don't dare complain, I'm glad that at least it's uniform in the majority of currenciesThis would make life simpler lol
A pip is the price movement generally for all the currency pairs. The pip price movement is checked from the 4th decimal place on an instrument. generally 1 pip movement in a currency pairs is equal to 10 USD. Example if the price of EURUSD moves from 1.22020 to 1.22030, there is an increase in 1 pip which is equal to 10 USD in terms of pip value. The smallest price fluctuation in currency pairs is called as pipette which is at the 5th decimal place.Please explain to me what a pip is?
Yes, once you have traded them enough it does stick evntuallyYes, definitely. But I don't dare complain, I'm glad that at least it's uniform in the majority of currencies