What Is a Pip?
Understand currency pairs, spreads, pips, lots and the basic mechanics of trading.
What Is a Pip?
A pip is a conventional unit of price movement. Most Forex pairs use 0.0001, while many yen pairs use 0.01. Fractional-pip quotes add precision. Metals and CFDs use their own contract and tick specifications.
Example
EUR/USD moving from 1.1000 to 1.1010 rises 10 pips. Pip value also depends on position size and currency conversion.
All educational content is provided for general information and educational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy or sell any financial instrument. Trading leveraged products involves significant risk and may result in the loss of invested capital.