Forex Pip. A "PIP" – which stands for Point in Percentage – is the unit of measure used by forex traders to define the smallest change in value between two currencies. In forex, a "pip" is a unit of measurement used to show the change in value between two currencies.
Pip: A pip is the smallest price move that a given exchange rate makes based on market convention. Since most major currency pairs are priced to four decimal places, the smallest change is that of. A Forex pip is an incremental price movement, with a specific value dependent on the market in question.
The pip value when forex trading affects how much you will make or lose, in your own currency, for each pip the price moves.
Pip is an abbreviation for "percentage in point".
If you see a tool tip next to the leverage data, it is showing the max leverage for that product. Originally, a Forex pip was effectively the smallest increment in which an FX price would move, although with the advent of more precise methods. A "Pip", short for point in percentage, is the unit of measurement used to express the change in value between two currencies forex market.