What is a Pip in Forex?

What’s a pip?

You’ve probably heard of the terms “pips,” “points“, “pipettes,” and “lots” thrown around, and now we’re going to explain what they are and show you how their values are calculated.

Here is where we’re going to do a little math. Just a little bit.

Take your time with this information, as it is required knowledge for all forex traders.Don’t even think about trading until you are comfortable with pip values and calculating profit and loss.