What is a pip in forex trading?

A pip is the smallest price change in a currency pair, usually 0.0001 for most forex pairs. It helps traders measure price movements and calculate profits or losses.

How many dollars is 1 pip worth?

It depends on your lot size: 1 standard lot = ~$10 per pip, 1 mini lot = ~$1 per pip, and 1 micro lot = ~$0.10 per pip.

What is the smallest lot size in forex?

A micro lot, which equals 1,000 units of the base currency, is the smallest lot size in forex.

How to calculate pips for gold or crypto pairs?

The concept is similar, but pip size may differ based on the asset and broker. Use your platform’s calculator or a dedicated pip calculator for accuracy.

What are funding pip rules in prop trading?

They define the number of pips required to meet prop firm evaluation targets. FundedFirm uses realistic pip-based goals to assess consistency and skill.

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What is PIP in Forex Trading (2025 Guide)

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