Elizabeth C. Krug
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What does 20 pip mean in forex?
What does 20 pip mean in forex?
- Thread starter Elizabeth C. Krug
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Pam B. Byrum
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Let's say a trader places a $100,000 long trade on USD/CAD when it's trading at 1.0548. The value of USD/CAD rises to 1.0568. In this instance, one pip is a movement of 0.0001, so the trader has made a profit of 20 pips (1.0568 – 1.0548 = 0.0020 which is the equivalent of 20 pips)
