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Meaning and value of a PIP |
Meaning and value of a Price interest point - PIP. It is the lowest denominator in currency trading - the actual value of a pip is based on your type of account - usually for
standard accounts - ONE pip=$10
for mini accounts - ONE pip=$1
Before we get into this more - let's cover some topics that will make it easier for you to understand and appreciate the value of a PIP.
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