Forex & crypto
Pip
A pip is the smallest standard price change of a currency pair on forex.
A pip is the smallest standard price change of a currency pair on forex.
On most pairs, a pip equals 0.0001. It is the unit used to measure gains and losses. The money value of a pip depends on the size of your position (your lot).
If EUR/USD moves from 1.0800 to 1.0805, it has gained 5 pips.
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