BEGINNER: FOREX FOUNDATIONS • TIER 1INSTITUTIONAL TRACK • MIN. USD 50 DEPOSITLesson 6 of 30• 3 min read

What Is a Pip?

Master the unit of measurement for price movement in Forex, pip values, and how price changes translate to dollar profit and loss.

Core Learning Objectives
  • Define a Pip (Percentage in Point) and identify its decimal position.
  • Understand fractional pips (pipettes).
  • Calculate profit or loss based on pip movement and position size.
Lesson 6 Overview

<p>A <strong>Pip</strong> stands for <em>Percentage in Point</em> (or <em>Price Interest Point</em>). It is the standardized unit of measurement used to quantify the change in value between two currencies.</p>

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