As you get familiar with the Forex market, you'll notice most people don't speak in terms of profit, but in terms of "pips". You may feel uncomfortable with this notion at first (I was), but it is important to understand it. P.I.P. stands for "Percentage In Points". This is a convenient way to express your activity, whether it's a profit or a loss. A pip is the smallest movement of a currency. For example, in the EURUSD pair, a move from 1.5875 to 1.5876 represents 1 pip. Most pairs are quoted with 4 decimals (1 pip = 0.0001), at the exception of the JPY which is quoted with 2 decimals only (1 pip = 0.01). Please be free to share with us your experience, ideas and knowledge....

Pips relate to the smallest price movement any exchange rate can make. Because currencies are usually quoted to four decimal places, the smallest change in a currency pair would be in the last digit. Forex Education

In simple terms, a PIP is the smallest value (price) increment a currency can make. Forex PIP allows us to determine a rise or fall in foreign exchange values in percentage terms as an alternative of measuring in dollars and cents. trade binary options

there is broker that have a difference of the value of 1 pips, it is because the difference of the contract size, the example in FBS has a contract size is 100,000 then the value for the volume of 1 lot is equal to $ 10 / pips but there are also brokers that have contracts of 10,000 then the value for volume 1 lot is equal to $ 1 / pips

It is very important that you understand what is a pip in the Forex trading coz you will be using pips in calculating your profits and losses. A pip stands for Percentage in Point. A pip is the smallest price movement of a traded currency. It is also referred to as a point.

Hi there!!! Thank you very much for all the information and the time and effort you put into it... It will take awhile for going through it all, but I will !!! Most definitely will do so!!!! Thank you once again. Maya

Pip means 'percentage in point', it is the unit of the smallest increment of price in Forex trading. Since many major currency pairs, excluding ... --------------- Dustin Edan cd duplication

It is very important that you understand what is a pip in the Forex trading coz you will be using pips in calculating your profits and losses.

Exactly PIP plays an important role as it helps us to calculate how much profit or loss we have gain/suffer. by this we can also analyze and compare our growth.

Take note of floating pips and static pips. Floating pips are not constant and depend on the conditions of the market. The reverse is true for brokers with static pips.

Yeah! I also set my daily, weekly monthly even yearly target on pips size. Besides, which traders set their trading target on dollar size, definitely they are on the wrong way! Since, I am a retail trader so every single pip is very important for me. Thats way, I am enjoying narrowest trading spread service of TradingBanks broker a lot.

I would like to know is it better to trade on 5 or 4-digit platforms. I have 5-digit platform with Hotforex is it good for scalping?

I prefer OctaFX broker since theyre one of the most simple and straight forward companies in the world, but still they dont stop here, they have outstanding conditions which includes having low spreads to high leverages to bonuses up to 50% and much more, its all seriously useful and allows us to be successful without any trouble whatsoever, I also feel relaxed with them given their instant payment facility, its all too good and something that makes one very comfortable and relaxed.

broker itself is contributing factors that influence the success of a trader, then the selection of a broker for a trader is very important, suggested to traders do not just choose a broker who gives comfort in trading, however, select the broker that also supports the trading success of a trader , in order to get the maximum profit with the risk that can be minimized optimally. together Tickmill, I trade with all the support that is given to me as a trader. trader himself can also follow promo demo account contest with prizes have been provided

The expression of movement of currency prices in the forex market in Percentage in Point usually called PIP, makes it more convenient to assess your profits or loss irrespective of your trade volume. It makes it easier to conduct market analysis and assess your performance based on price movement.

[SIZE=10pt]One of the most common words we have heard in forex market is pip which means percentage in point and shows the changes in value of exchange rate of two currencies. Forex market expresses currency exchange rate in 4 decimals in most cases, except some currencies are expressed in 2 decimals like Japanese yen. So the pip will be the changes in 4th digit of the decimal. For example, if exchange rate will change from 1.9784 to 1.9783 then it will be 1 pip (.0001) change.[/SIZE]

The full type of Pip is ''Percentage in Point'. A pip is the last digit in the estimation of a currency pair (in the event that you are trading from a 4 digit price support); 1.3294, 115.13 et cetera. All Forex currency pairs, except for the Japanese Yen, measure the pip from the fourth decimal place. The pip gap between purchase and offer price is called spreads. We traders cherish low spreads. I am trading with MaximusFx where I get low spreads as low as 0.1 pip.