What is a Pip ?

PIPs ??? So WHAT THE HECK ARE THEY?😳 And why do Forex Traders get so excited about them??🤪 A PIP, short for Point In Percentage, is a very small measure of change in a currency pair in the Forex market. As we are trading all different type of currency we needed a universal way to measure movement in the markets! So we use PIPS! A PIP can have various values. (Depending on the lot size you personally trade with) For example, it can have a value of $.10 or $1.00 or $10.00 as well as multiples of each. All depending on the lot size and account size you trade with! So looking at our live trading room results for last week... Forex Fire won 246 pips which means you could have made $24.60 or $246.00 or $2460.00.

Disclaimer:- Past performances don't guarantee future results #forexfire