By
fxKnight |
Beginners | Nov 11, 2008 12:00AM GMT |
The forex world is filled with its own unique terms and concepts. Here are
some of the most common you need to know:
Pips
A pip is similar to a tick or point in stocks,
futures, or other markets. It stands for
percentage interest point and is the smallest
individual unit of trading in forex. The pip is
always the right-most digit of any forex price
quote.
To view the full lesson, please see PDF file attached below.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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