In the context of forex (foreign exchange) trading, a "pip" stands for "percentage in point" or sometimes "price interest point." It is a standardized unit of measurement used to quantify changes in the exchange rate between two currencies. Pips are typically used to express...
What is PIP?
A pip is a unit of measurement used in the foreign exchange market. It is equal to 1/100th of a percent and is used to measure the change in value between two currencies. For example, if the value of the euro increases...
