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How Important Are Pips?

By Dominic Gilbert

WHAT ARE PIPS? First off, "PIP" stands for Point In Percentage. In all pairs involving the Japanese Yen (JPY), a PIP is the 1/100th place - 2 places to the right of the decimal. In all other currency pairs, a pip is the 1/10,000th place - 4 places to the right of the decimal. Let me give you a simple... Continue Reading


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