WHAT IS PIP/POINT?

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. 




HOW TO BE A TRADER?

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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