Pip (Percentage in Point)
A pip is the smallest recorded unit movement of price between most currency pairs.
Quick Reference:
Smallest unit of movement. applies most currency pairs. Typically 0.0001.
Expanded Explanation:
In Forex trading, prices move in tiny increments called “pips.” A pip, short for percentage in point, represents the smallest standard movement tat a currency pair can make. For example, if the AUD/USD moves from 0.6500 to 0.6501, that is a one pip moovement. Understanding pops helps traders calculate profits, losses, and risk per trade. It’s one of the first and most essential building blocks for grasping how price changes are measured in the Forex market.