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Pip

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With pips (percentage in point), the gains and losses are presented in the currency trading. A pip is the fourth decimal place in the currency value represents. For example, if a trader opens a position at a rate of 1.3040 and at 1.3060 excludes the gain is 20 pips. If the value is represented with 5 descendant points, the fifth digit is called a fractional pip.

 

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