The units of measurement to express the change in value between two currencies are called a “pip.”
PIP

If GBP/USD moves from 1.2105 to 1.2106, that .0001 USD rise in value is ONE PIP.
Movement in the exchange rate is measured by pips. Traders often use the term “pips” to refer to the spread between the bid and ask prices of the currency pair and to indicate how much gain or loss can be realized from a trade.
- What is FOREX?
- FOREX History
- Market Participants
- Market Size
- Market Hours
- FOREX Trading Benefits
- Advantages of FOREX Trading
- QUOTE/BASE Currency
- Major Currency Pairs
- Trading Platform
- PIP
- MARGIN
- The Connection between MARGIN and LEVERAGE
- EQUITY
- TYPES OF FOREX ANALYSIS
- MAJOR TECHNICAL INDICATORS
- MAJOR FUNDAMENTAL INDICATORS
- TYPES OF TRADING STYLES
- FOREX MARKET STRATEGIES
- TRADE AND RISK MANAGEMENT TECHNIQUES
- What does it mean to trade Forex