Glossary · Pip
What is a pip?
The standard unit of price movement in forex, usually the fourth decimal place.
For most pairs a pip is 0.0001. For pairs quoted in Japanese yen it's 0.01. Pip value depends on the pair and your lot size.
Glossary · Pip
The standard unit of price movement in forex, usually the fourth decimal place.
For most pairs a pip is 0.0001. For pairs quoted in Japanese yen it's 0.01. Pip value depends on the pair and your lot size.