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What is a ‘Pip’?

This is the minimum allowable price change. For example, a price change from 1.3450 to 1.3455 is a change by 5 pips.

Last updated : 15.08.18

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What is a ‘Lot’? Which currency is basic and which is the counter currency in the pair EUR/USD? What is a ‘Swap’? What is the level of order? What is a ‘Free Margin’? What is a ‘Spread’? What is a ‘Flat’? What is the difference between long and short positions? What is the difference between Spot and Cross currency? Why do quotes differ from broker to broker? How do I get profit from trades? What leverage do you offer? When buying 10 lots of EUR/USD with a leverage of 1:100, the price of one point equals 100. Why does the price of one point for buying 10 lots of EUR/USD with a leverage of 1:200 still equal 100 rather than 200?
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