What does mean by forex Pip's?

[AlbertPortsmith]

Hello,

I had came across this word quite often in this forum and even it has the dedicated segment as "forex signal's" in this forum,what does it mean?

Moderators or senior members please brief me about this..

Thanks:

 

[Enivid]

Pip is a "point" of currency pair movement. For example, EUR/USD is currently quoted like 1.2808, so the pip for it is 0.0001. If it moves up from 1.2808 to 1.2820, it will be a 12-pip movement up.

 

[nalu]

A pip is a very small measure of change in currency pair. It can also be said as the smallest movement that a currency pair can make.

 

[Easy Trader]

Point In Price(PIP).

 

[triplet]

Pip meaning point in percentage is a point in calculating profit and losses in forex.

 

[Fxpipper]

Pip is a tiny measure of the change in prices..if you are still not sure, head over to babypips school of pipsology for more info..

 

[chief]

Pip = "price interest point".A pip measures the amount of change in the exchange rate for a currency pair. For instance, if GBP/USD moves from 1.51542 to 1.51543, that .00001 USD move higher is ONE PIP.