TRADING GLOSSARY
Pip (Point) – The smallest price change that any given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point – for most pairs this is the equivalent of 1/100th of one percent, or one basis point. (i.e. 1 pip [...]
Pivot Point – The primary support or resistance level calculated basing on the previous trend’s High, Low and Close prices.
Principal Value – The initial amount of money put in to any investment.
Profit (Gain) – The amount of money gained when a position is closed.
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