What is a Pip in Forex?

A pip is a common term in trading forex. However, you may not know what it means. A pip is the smallest increment of price movement a currency can make. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.

Are you interested in learning more forex trading terminology? HERE is a list of forex trading terminology.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.