pips

Which Forex Currency Pair Do I Have To Choose When Trading On The Forex Market?

Choosing the right Forex currency pair is one of the most important decisions when you are mapping your future Forex trading strategy. Although you can switch from one Forex currency pair to another one during the test phase of your trading strategy, it should be common sense of a novice Forex trader to stick with one currency pair when trading ...

Pips

A pip is the smallest unit of price for any foreign currency. Pips are sometimes also called points. Nearly all currency pairs consist of five significant digits and most pairs have the decimal point immediately after the first digit. For example EUR/USD equals 1.2812. In this instance, a single pip equals the smallest change in the fourth decimal place, that is ...