Pip

A Pip is the smallest standard price increment in forex, usually the fourth decimal place. It is how traders measure gains, losses and spreads.

How traders use it

• For most pairs, one pip is 0.0001.
• Pip value depends on the position size.
• Used to quote spreads and stop distances in forex.

See it in dtcharts

See it all in action in the dtcharts terminal — practice risk-free with paper trading.