Pip
A pip is the smallest unit in a forex quote. Currencies are usually measured against each other to four decimal places so a typical quote might look like this…GBP/USD = 2.0005/2.0010.
A pip is the smallest unit in a forex quote. Currencies are usually measured against each other to four decimal places so a typical quote might look like this…GBP/USD = 2.0005/2.0010.