Traders in this Forex business need to make the right decisions based on the value of the currency and also they must know about what is PIP Forex in the trading. So, they will get more profit. 

One of the ways to succeed in this Forex business is accurately counting. Surely, the way of counting needs to be the right unit to account for the value of the currency. 

Unit to account for the value of a currency is PIP. Thus, traders need to know about PIP and many more because it is a main business in the Forex.

Explanation of What is PIP Forex in the Trading

Every trader needs to know PIP Forex much more because it can give important information for traders to get more profit and to correctly analyze. PIP means price interest point. Traders use PIP as a unit to account for the value of the currency. 

Thus, they know money movements that can give the right information to traders. Traders should know what is PIP Forex in the trading. It is the value of the currency in the Forex count with a unit of decimal and its position in the last decimal

For example, Pair GBP/USD is 1.0050 and moves to 1.0051. Thus, the price gap between 1.0051-1.0051 is similar to 0.0001. So, based on the example above, the value currency is 0.0001 can be called 1 PIP. 

PIP can show a piece of important information for traders to count with the right analysis. As we know, analysis is important for traders to get more profit. Some traders get lost because of wrong analysis. Even though traders can take help from brokers. 

Thus, a broker's knowledge about PIP is important. Thus, brokers can help a trader to get the right analysis, even more so for a beginner trader. Trader's knowledge about PIP can be less than brokers. 

But traders should choose the right brokers to help them get the right PIP and right analysis. Thus, the right choice for a broker is the most important thing in this business. However, traders can't count PIP correctly, because brokers can help to counter that. 

How to Count PIP Forex that You Should Know

Every currency has value itself. Thus, traders can count PIP based on the value of the currency, so they can divide, multiply with the value of the currency. Pair of foreign exchange is written with 4 decimal. So, the value of PIP is the last number in that decimal. 

But, every pair of foreign exchange has a different value. Traders can count the money movement if traders determine the PIP number in the decimal. The value of the foreign exchange is always written with 4 decimals. 

For Example, there is a pair of foreign exchange with a value of 1.0050. So, the value of PIP is 0, because 0 is the last number in that decimal. Another way to count PIP is based on a ratio. The ratio in Japan currency is written with 2 decimal. 

Of course, it is different from other foreign exchanges. For Example, the pair of GBP and JPY is 125.00. So, the value of PIP in the pair currency is 0,01 for the Japanese currency. 

0.01JPY/125.00 GBP is equal to 0.000814. This number means for every 10.000 tradings, there is an exchange value of PIP with 0,000814. 

We are Trusted Brokers to Help You Knowing about What is PIP Forex in the Trading 

However traders can't count PIP correctly, but traders can choose the right brokers to help them count on. Traders should choose the best forex broker. Didimax is the best broker in Indonesia. 

Now, traders should not be confused anymore, because of Didimax. So, traders can call us, because we can serve you every time. Whatever the trader's problem, we have a million solutions. 

Even, traders can not count PIP, we can explain PIP Forex in the trading, clearly. PIP is important to know in the Forex business. It seems to be the main control in this business. So, traders should know what is PIP Forex in the trading.