What is Pip?
Currencies (forex)The smallest standard price step in a currency pair: 0.0001 for most pairs, 0.01 for pairs with the Japanese yen.
Think of it like: One tick on the currency ruler.
Real example: EUR/USD moving from 1.1500 to 1.1510 is a 10-pip move.
Lesson: Bid, ask and spread Practise it now: Follow the Sun Practise it now: Order Up!