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Forex Pip Buster System
$9.00
Forex Pip Buster System
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- Description
Description
Description
Forex Pip Buster System
Forex Pip Buster System
Size 606 KB
Overview
Pip = “price interest point”.
A pip measures the amount of change in the exchange rate for a currency pair.
For currency pairs displayed to four decimal places, one pip is equal to 0.0001. Yen-based currency pairs are an exception and are displayed to only two decimal places (0.01).
Some brokers now offer fractional pips to provide an extra digit of precision when quoting exchange rates for certain currency pairs.
A fractional pip is equivalent to 1/10 of a pip.
Determining Pip Value
The monetary value of each pip depends on three factors: the currency pair being traded, the size of the trade, and the exchange rate.
Based on these factors, the fluctuation of even a single pip can have a significant impact on the value of the open position.
