01 / What you'll learnA pip is a common unit used to describe a small price move in many currency pairs.
Price 1.1000→Price 1.1010=10 pips (common convention)
Illustrative example: one step at a time, then check the broker's official contract details. 06 / Explain it simplyWhat is a Pip?
A pip is a common unit used to describe a small price move in many currency pairs.
07 / Everyday exampleIf a pair moves from 1.1000 to 1.1010, the move is often described as 10 pips for that pair convention.
08 / MT5 exampleThe number of decimals and pip value can vary by symbol. Use the broker's specification, not a memorized rule.
DEMO ACCOUNTWhat is a Pip?
Practice with Virtual money. No live order is required.
- 1Open your demo account
- 2Choose a symbol
- 3Open the order window
- 4Find the relevant field
- 5Enter a practice value
- 6Review before submitting
09 / Key takeaways- Pip describes movement.
- Pip value depends on volume and symbol.
- Some platforms also show points or fractional pips.
10 / Common mistakeAssuming one pip always has the same cash value.
Mini quizWhat does a pip measure?
Quiz progress is saved with this lesson when you mark it complete.