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Allows global firms to move in and out of foreign currency as needed. (2) Sets and Most popular traded currency pair is the U.S. dollar/Euro. Represents 27% 

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19 Jun 2016 In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on.