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BlogWhat is Pip in forex trading?
The smallest standard unit of price change in a currency pair. For most pairs, a pip is the 4th decimal place (0.0001). For JPY pairs, it is the 2nd decimal place (0.01).
Detailed Explanation
For most pairs, a pip is the 4th decimal place (0.0001). For JPY pairs, it is the 2nd decimal place (0.01).
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