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Pips and spreads show the value of a currency pair to the investor and to the broker. What is a pip? A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. What is a pip | Forex Trading | FOREX.com
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