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Quotes of the day:
Everyone can get the gold of the Sun. (Tout le monde cueille l\'or du soleil)
Pip is an acronym for percentage in point. A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point.
What is a Pip or Point | Trading Terms
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