What is Pips in Forex Trading?
In Forex trading, Percentage
in point, in short "Pips" is the smallest unit of price movement in a
currency pair. Pips represents the change in the exchange rate between two
currencies. Pips is used to measure profit or loss in a trade. If GBP/USD moves from $1.35361 to $1.35371, then it has moved a
single pip.
