Key Concepts
A pip is the unit of measurement for exchange rate movement.
The number of pips a currency pair moves determines how much a trader will earn or lose on the position.
A pip is the last significant digit in an exchange rate, and is the term used to define the unit of measurement for exchange rate movements. The number of pips that the exchange rate moves dictates how much a trader has gained or lost through an FX trade. In the example above, if the rate moves from 1.8455 to 1.8555, the pair has risen by a 100 points or pips.
A pip is the unit of measurement for exchange rate movement.
The number of pips a currency pair moves determines how much a trader will earn or lose on the position.
A pip is the last significant digit in an exchange rate, and is the term used to define the unit of measurement for exchange rate movements. The number of pips that the exchange rate moves dictates how much a trader has gained or lost through an FX trade. In the example above, if the rate moves from 1.8455 to 1.8555, the pair has risen by a 100 points or pips.
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