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Forex Demo Account

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Forex Pips
In FOREX trading, a pip is the unit of measurement for the smallest change in the price of a currency or currency pair. Compare this term to the use of the unit of measurement in the stock market referred to as a “point”. Charts that are used for trading the FOREX usually clearly reflect the various price levels of a currency. With each price levels achieved, it should be fairly easy to mathematically determine the amount of movement in a particular currency as expressed in pips. Many online platforms provided by FOREX brokers display a feature which automatically calculates the number of pips gained or lost in the position taken by the trader.
 
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