What’s a pip?

[Eliza_King]

Please explain to me what a pip is?

 

[FxMaster]

Please explain to me what a pip is?

This old thread will help you to get your answer https://www.forexpeacearmy.com/community/threads/definition-of-pip-needs-clarification.18209/

Don't forget to visit Forex Military School for information

Best of luck

 

[Keithstyles1]

Please explain to me what a pip is?

The unit of measurement to express the change in value between two currencies is called a “pip.
Check out the education section will find lot of info there

 

[fxoday]

Pip in my understanding is smallest unit price change on 4 digit broker, let say EURUSD move from 1.2000 to 1.2001 it has value 1 pip, but in 5 digit broker called a pipette, its smallest unit price change, let say EURUSD 5 digit broker move from 1.20000 to 1.20001 it has value 1 pipette, so 1 pip equivalent with 10 pipettes, corrected if me wrong.

 

[sarah2701]

It is the smallest unit of the price movement of a currency pair. For most of the currency pair one pip is equal to 0.0001.

 

[LHill97]

Please explain to me what a pip is?

I'd also recommend getting on to BabyPips School of Pipsology
Really great to start on

 

[Eliza_King]

This old thread will help you to get your answer https://www.forexpeacearmy.com/community/threads/definition-of-pip-needs-clarification.18209/

Don't forget to visit Forex Military School for information

Best of luck

Thank you!!

 

[Eliza_King]

I'd also recommend getting on to BabyPips School of Pipsology
Really great to start on

Oooh yes I’ve seen this before - thanks!

 

[Eliza_King]

Pip in my understanding is smallest unit price change on 4 digit broker, let say EURUSD move from 1.2000 to 1.2001 it has value 1 pip, but in 5 digit broker called a pipette, its smallest unit price change, let say EURUSD 5 digit broker move from 1.20000 to 1.20001 it has value 1 pipette, so 1 pip equivalent with 10 pipettes, corrected if me wrong.

Ok I get you! Thanks!

 

[FxMaster]

Thank you!!

You are most welcome!