What is the Pip Spread

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    Kiaria Yoshida
    Keymaster

    A pip is a unit of measurement used to show changes in the rate of a pair. In the image below, a pip is the fourth decimal.

    Spread is the difference between the buy price and the sell price quoted for an instrument. The buy price quoted will always be higher than the sell price quoted, and the underlying market price will generally be in the middle of the these two prices. ​​

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