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What is Pips?(Forex)

Exchange RatePips is a very important terminology used in the foreign exchange trading.It is used to measure the relative change in the value of a currency pair.It is the smallest unit of measure for the value of relative currencies.Forex traders mostly use pips for the dollar related currency pairs.For dollar related currency pairs, one pip is equal to 0.0001$.


Pip is an amazing tool to safeguard the interests of the Forex traders,as it saves them from huge losses while Forex trading.The value of pip depends totally on the currency traded,size of the trade and exchange rates of these traded currencies.

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