Pip

Pip (pips) – The smallest, possible, currency increment of price movement. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.

Quotes currency pairs by “5, 3 and 2” decimal places – these are known as fractional pips or pipettes.

  • 5 decimal place currency pair a pip is 0.00010
  • 3 decimal place currency pair a pip is 0.010
  • 2 decimal place currency pair a pip is 0.10

pip

6 Deadly mistakes
Fill form below to get 6 deadly mistake in forex for free
100% Privacy. No spam only deadly mistakes pdf and our newsletter.