Categories: Forex Trading

What is 10 Pips on a Forex Trading Chart? Acad. Overview

10 pips on a trading chart forex is a term used to describe the smallest price movements an exchange rate can make. 10 pips is equivalent to a change of 0.0001 in most currency pairs, a very small change. 10 pips is a common indicator used by traders in the Forex to determine Entry and Exit points. The 10 pip movement can also indicate a trend change, hence traders watch this closely when deciding to enter or exit a position.

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