Forex Futures Trading

forex help?

can someone explain what i PIP is in forex? and do i want - pip or +pip?

thanks

Pip (or Points) - The term used in currency market to represent the smallest incremental move an exchange rate can make. Depending on context, normally one basis point (0.0001 in the case of EUR/USD, GBD/USD, USD/CHF and .01 in the case of USD/JPY).

http://www.piptrader.com/forex_education/basic_forex_education/forex_glossary.asp

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