TRADING GLOSSARY
Pip
A pip is the standard unit of price movement in a currency pair. For most pairs it is the fourth decimal place (0.0001); for pairs quoted in Japanese yen it is the second decimal place (0.01).
EXAMPLE
If EURUSD moves from 1.0850 to 1.0865, it has risen 15 pips. On one standard lot, each pip is worth 10 USD.
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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Glossary definitions are general education only and are not investment advice. Risk disclosure