Forex glossary
What is a pip?
The standard unit of price movement: 0.0001 for most pairs, 0.01 for yen pairs.
Definition
Pip: The standard unit of price movement: 0.0001 for most pairs, 0.01 for yen pairs.
In context
How much each pip is worth depends on your position size.
From the lesson How You Make (and Lose) Money.
Lessons that cover Pip
Forex 101 · 5 min
How You Make (and Lose) Money
Buy low, sell high, or sell high and buy back lower. Yes, both work.
Forex 101 · 5 min
What Is a Pip?
The tiny unit that decides your profits. Pips and pipettes explained.
Forex 101 · 7 min
Lots and Pip Value
How position size turns pips into dollars.
Brokers & Platforms · 4 min
Account Types
Standard, raw, cent and swap-free accounts compared.
Support & Resistance · 6 min
Support and Resistance
The floors and ceilings that price keeps bumping into.
Indicators · 5 min
ATR: Average True Range
How much does this market normally move? Essential for stops.