In the currency market the slightest price change is called a “pip”. “Pip” means ”Price Interest Point”. In general, the 1 pip change expresses the change in the fourth decimal (0.0001).
Example: The rise of a currency price from 1.3450 to 1.3453 expresses an increase in 3 pips.
At FOREX the spread or the operation cost is also measured in pips. The change of the 5th number after the comma in a currency price is called “point”.
Example: Price increase from 1.34528 to 1.34572 expresses the rise in 44 points or 4.4 pips.
We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.
You can fill the free demo account form on the side to open an unreal account and try the market without any risk.
You can apply to open a real account to enter the world of investment.
After depositing the initial investment you can easily start to trade.
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