answersLogoWhite

0

Calculations to determine foreign exchange are traditionally done to four decimals. A pip is 0.0001 of a cent and is the smallest unit of price in foreign exchange trading.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Where can you find the Forex forums?

Forex forums are available on Baby Pips. Forex forums allows conversation on many versatile subjects. There are also different types of Forex forums on different websites.


What is a pip in Forex trading?

A pip in Forex trading is used to calculate one's profits and losses. In Forex trading, the value of a currency is given in pips. For most currencies, a pip is 1/100 of a cent.


Are there classes available to learn forex trading?

There are casses to learn Forex trading. Classes can be taken online mainly. Some places are Baby Pips, Forex, FX Club, ForexMentor, and a lot of blogs provide information.


What are pips in Forex Industry?

Pips measures the change in the exchange rate for a currency pair. For example, currency pair that displayed with four three places, one pip is equal to 0.001.


Guides about forex and forex money?

Assuming the question is about forex trading, there are basic courses available to learn about basic terminology. such as pips, bid, ask, spread, lot size, etc. There is also a special post at fxmarkettips factory that covers more specifics about forex brokers.


Is forex ivybot working?

I doubt it....stay away is my advice.I'm agree with first contributor. As Forex trader, I advise you to pay attention to ProFx. It's very profitable Forex strategy that brings me more 750 pips every month.


What is pips in forex trading?

A pip in Forex trading is used to calculate one's profits and losses. In Forex trading, the value of a currency is given in pips. For most currencies, a pip is 1/100 of a cent.


What exactly does the term forex trading refer to?

Forex trading is "foreign exchange trading". That is, it deals with trading world currencies. http://www.forextrading.com/ is a website that could offer help to someone looking to trade foreign currencies; say the Japanese yen for US dollars.


What term is there for a difference between Bid and Ask pricing measured in pips?

Measured in pips, spread is the term used for a difference between bid and ask pricing. This is the cost of an order placement for a trader.


How would one explain a signal forex?

Forex signals refer to a specific time and price for trade on a currency pair. The Forex signal can be communicated via Twitter, email, SMS or RSS feeds.


What is a forex cover?

I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.


What is the forex affiliates program?

Forex affiliates program allows a person who has a website or lots of friends to refer a forex company and make profits through referral.