Currency News - Have you ever wondered what is a PIP and I am not talking about a PIP in a olive or something like that pip is the name given to the smallest measure of price move used in Forex businessor example, if the currency pair GBP/USD is trading at 1410 and then changes to 1415 that means that the pair has moved by 5 pipsccording to the text book definition a PIP is an acronym for Percentage in Point (pip), or basically the movement of the fourth digit after the decimal pointt is important to note that in most currencies a PIP is the movement of the fourth digit after the decimal point but in Yen crosses it is the movement of the second digit after the decimal pointhe spread is the difference between the bid and ask price that your broker quotes youor example if your broker is quoting you a 1410-1412, then you are paying a commission of 2 pipsn other words you are paying a spread of 2 PIPSn Forex market You can find that brokers tend not to normally charge their co ... [More Info - Currency News]
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