Forex eur usd pip value definition
The term ‘”pips” is an acronym for “percentage in point,” although it’s sometimes also called a price interest point. If that leaves forex eur usd pip value definition scratching your head, here’s a better explanation that’s a little less technical.
Pips represent the smallest movement that a currency pair can make. About Forex Trading You can’t understand pips until you understand Forex trading. Forex” is shorthand for the foreign exchange market. Currencies must be exchanged to facilitate international trade and business, and this is the place where it happens.