Forex

Pip

Definition

The smallest standardized price movement in a currency pair, typically 0.0001 for most pairs (fourth decimal place).

Example
EUR/USD moving from 1.1000 to 1.1001 is a 1-pip move. Lot Category: Forex Definition: The standard unit of trading volume in forex. A standard lot = 100,000 units of the base currency. Related Terms: [[Pip]],
Related Terms
Lot
Frequently Asked Question
What is Pip in trading?
The smallest standardized price movement in a currency pair, typically 0.0001 for most pairs (fourth decimal place).
APA Citation
Clark, R. (2025). Pip. VixShield Trading Glossary. Retrieved from https://www.vixshield.com/glossary/pip
RC
Russell Clark, FNP-C
Author of SPX Mastery series · Founder of VixShield
Last updated:  ·  Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.