What's the difference between a Point and A Pip?

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After getting asked this so many times I decided to see why there seems to be a lot of confusion in Forex about what a "Pip" really is.
After following a google search I can now see why there is so much confusion.
In this video I try to explain it and show you what code you can write in order to make sure that when you set your stop loss 30 pips away it's really not 30 points or 3 pips away :-(
Does it stand for "Percentage in Points" of "Points in Percentage" or "Price Interest Point"?
It doesn't really make much difference as long as you realize a pip is usually 1/100th of something whether it be yens, cents, pence, or centimes. However a point... well that's a different matter.

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Видео What's the difference between a Point and A Pip? канала Jimdandy1958