What Does Pip Mean in Forex Trading?
In forex trading, a pip is the smallest unit of price movement between two currencies. It’s used to measure changes in exchange rates, calculate profits or losses, and manage trading strategies effectively.
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Abstract:Back in October 2022, Turkey's Global Kapital Group(GKG) restructured some of its operations, which included the transfer of ownership of its main FX brokerage businesses GKFX and GKPro to an Amsterdam based company called Trive Financial.

Since the restructuring, GKFX has changed its name to Trive, its website has changed from GKFX.com/GKFX.eu to Trive.com. And the company has renamed the MFSA licensed company ATFX to TRIVE FINANCIAL SERVICES MALTA LIMITED, and the FCA licensed entity in the UK (GKFX Financial Services) was just renamed Trive Financial Services UK Limited.


It is reported that recently Trive has hired Dennis Austinat, who has been in charge of Germany, Switzerland and Austria for a long time at eToro, as the new managing director of the company and the entire DACH region. Mr. Austinat will expand Trive's business in the Frankfurt area.

Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

In forex trading, a pip is the smallest unit of price movement between two currencies. It’s used to measure changes in exchange rates, calculate profits or losses, and manage trading strategies effectively.

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