Forex Pip stands for ‘Percentage In Point’. It is the smallest price unit of a currency. In the Forex market prices are mostly quoted to the fourth decimal point.

A Forex Pip, although very small individually, show that there is strength in numbers. Once you get to multiplying those pip values by the moderate price changes in the Forex market and the thousands of dollars you’re likely to leverage, you’ll see the huge profit potential of Forex trading.