What is a pip in trading forex
What Is A Pip? Learn This To Become A Better Trader For 2019 The value of a pip is the 4th digit after the decimal. This is because the forex rates are measured in ten-thousandths of a unit. For example, if the Euro costs $ 1.1324, that means it costs one dollar and 13.24 cents. Making a profit on forex trading means watching the fluctuations of pips.