Resolved Question
EUR/USD 10 pips = 10%?
Hi All,
in Babypips. com (http://www.babypips.com/school/impress-your-date-with-forex-lingo.html), under the "Pips" definition, it states that "if the quote currency in any pair is USD, then one pip always equal 1/100 of a cent.".
Does that means that if I'm trading EUR/USD and lose 10 pips, does that mean I've lost 10% of the money I've put in?
Thanks in advance :-)
10 months ago
Best Answer - Chosen by Asker
1/100 of a cent is 0.0001. This means that one pip equals to 0.0001 IF the quote currency is USD.
For example, in the pair EUR/USD, the quote currency is USD. This means that one pip in EUR/USD is 0.0001. If the currency exchange rate is 1.4000, and it moved to 1.4001, it means that EUR/USD moved ONE PIP.
10 months ago
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