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pips-a-day trading strategy · Step 1. You wait for the EMA to cross the EMA. · Step 2. You wait for the price to follow the direction indicated by the. Notice that this currency pair only goes to two decimal places to measure a 1 pip change in value (most of the other currencies have four decimal places). A pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1/ of 1%, or
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