Before we delve any deeper into the possibilities that exist in the
Forex market, we need to go over some basic Forex market terms. Pip:
A pip (percentage in point) or point, is usually the smallest unit of
measurement in the Forex market. Most currency pair quotes are carried
out four decimal places—i.e. 1.4500. When you work with Alpari quotes
are carried out to the 5th decimal place to provide better pricing. The
5th decimal place represents fractional pips. If the exchange rate of a
currency pair moved from 1.45000 to 1.45100, we would say that the price
moved up 10 pips. You make money when the pips move your way in a
trade. Note:...
