pips in forex

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    Thomas Hoffman

    In Forex trading, pip is an acronym for “percentage in points”. Also, pips are indicators of exchange rate movements. A pip is a unit. Ultimately, it is a numerical value that evaluates profit and loss. One pip is equivalent to 0.0001. Also, Forex traders regularly quote movements, profits, or losses in pips. Spreads also count in pips. Eurotrader offer low spreads starting from 0.1pips.

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