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Understanding Pip Movement in FOREX Trading Mouhamed Abdulla, Ph.D. 26th March 2014 1 General Background There are 11 major currency pairs.Lately, currencies have had record breaking highs and lows, so before you start trading currencies here are some basics you should know.Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of investment income. To.