forex

PIP
What is a pip?In the Forex market, prices are quoted in pips. Pip stands for "percentage in point" and is the fourth decimal point, which is 1/100th of 1%.In EUR/USD, a 3 pip spread is quoted as 1.2500/1.2503Among the major currencies, the only exception to that rule is the Japanese yen. In USD/JPY, the quotation is only taken out to two decimal points (i.e. to 1/100 th of yen, as opposed to 1/1000th with other major currencies).In USD/JPY, a 3 pip spread is quoted as 114.05/114.08
Posted by PRADEEP -"the cool dude " at 10:42 PM 0 comments