currency pair

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Forex basic terms: Pip, Leverage and margin

A pip is the smallest unit of measurement in Forex Trading. Pip refers to the fourth decimal of the currency quote if the currency pair has either fourth or fifth decimal value. If the pair quotes only decimals up to second or third, then pip is the second decimal value. Japanese yen pairs are the ones that quote up to two or three decimal. For better understanding, let us define the currency quote first What is a Currency Quote? A currency quote refers to the value to which one currency is exchanged for the other. As you are aware [...]

Forex basic terms: Pip, Leverage and margin2018-12-10T18:34:31+00:00