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    What are PIPS?

    When you do Forex trading, amongst the most normal terminology you’ll hear among your financier buddies is PIPS. “Hey, I made 35 PIPS today.” “Oh, I lost 22 PIPS a few days ago.” “Yes, I made 122 PIPS last week.” A pip is the smallest rate movement in the graphes. It’s the last decimal area to which a particular exchange rate is normally estimated. The Pip is merely how you identify your income or loss. For example, if you were to see this: USD 1 = AUD 1.1017 Then for this money set, 1 pip recommends AUD 0.0001. If the USD/AUD goes from 1.1017 to 1.1018, that is a boost…