What is a Pip?

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A – In Forex trading, the unit of measurement to express the change in value between currencies is called a pip. For example, the price change in a currency pair like for example USDCAD varies by 5 digits after the decimal (0.00001), but a change of 0.00010 is called 1 pip. At Traders -Trust, we adopt fractional pip pricing that displays up to 5 decimal places.