Find out the value of pips for the currency pair you are trading
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Pip calculators explained
'Pip' stands for 'point in percentage' and measures the movement in the exchange rate between the two currencies.
So, how do I find a pip? Here's how...
In most forex currency pairs, one pip is on the 4th decimal place of the Forex pair (0.0001), meaning it's equivalent to 1/100 of 1%. For JPY pairs, one pip is on the 2nd decimal place of the Forex pair, so the second digit after the decimal point is the pip.
Using these small units to measure price movement can also protect inexperienced traders from big losses. A fractional pip or 'pipette' is 1/10th of the value of a standard pip and can give you tighter spreads and a better understanding of a currency's price movements.
For pairs without JPY, one pipette is on the 5th decimal place of the Forex pair.
For JPY pairs, one pip is on the 2nd decimal place of the Forex pair.
What is a pip’s worth?
Still not sure what the true value of a pip is? Learn more by watching this short video.
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