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What exactly is a pip?Pip stands for "percentage in point" and is the smallest price increment in forex trading. Since most major currency pairs the Japanese Yen being an exception, are priced to 4 decimal places, the smallest change would be reflected in the last decimal point. Basically, the Forex pip is the measuring stick for gains or losses when trading currency. To better understand this, let's look at a quick example. A currency pair of EUR/USD might be bid at 1. 1815 and later offered at 1.
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In January 2016 XM had over 500,000 clients worldwide, making it one of the largest forex brokers in the world.
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