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In the forex trading community, everyone has their own opinion about it. Everyone possesses their own point of view on which direction the market is moving and why. During trading currencies, the traders reveal their visions and outlook about the trades that they make.

If you are into forex trading or just starting knowing about forex, then you must have heard the word Pip. It is one of the most important terms used in forex trading. But it is just not a term but also a significant factor and a number the most significant digit that can change the game of your trade.

With the fast progress of human civilization and technological advancement, the idea and definition of trading and market have also broadened. After the industrial era, these words are just not defined as they used to be. When we hear the phrase market instead of a market place, the stock market rings a bell.