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Tag Archives: broker or bank

Forex – Beginner’s Guide to Useful Terms

Pip: Price in Points, this is the single digit at the end of a currency pairs price. If the EURUSD changed from 1.5000 to 1.5001, it moved up 1 pip. Pair: Currencies are always quoted in pairs. Examples, EURO and US Dollar are always quoted as EURUSD, US Dollar and Swiss Franc are always quoted as USDCHF.

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