What does pip mean?
PIP or pip is short for ‘percentage in point’.
In Forex trading, the pip is a unit – a numeric value used to measure change – ultimately, profit and loss. A single pip is equal to 0.0001.
Most of MXT currency prices are displayed to the fifth decimal place (fractional pips) for improved precision as our spreads are too tight to use only four decimal places.
To find out more about pips, please read on about the following topics: