Pip
A pip (Percentage in Point) is the smallest standard price movement in a currency pair. For most pairs, a pip is 0.0001. For JPY pairs, it is 0.01. Pip value determines how much you earn or lose per pip of movement based on your lot size.
A pip (Percentage in Point) is the smallest standard price movement in a currency pair. For most pairs, a pip is 0.0001. For JPY pairs, it is 0.01. Pip value determines how much you earn or lose per pip of movement based on your lot size.