All about Pips and Lots
All about Pips and Lots July 12th, 2008 If you are into forex, you must have heard of pips and lots. To understand what is pip, we should start with the expansion of pip, which is percentage in point. It is important to know as much as possible about pip as with pip values you calculate your profit and loss. Pip is the most common increment of currencies. If, for example, the EUR/USD moves from 1.2250 to 1.2251 it is said to be moved by 1 pip. So, it is the last decimal place of a currency q
Original post by Forex Recipe