CYPHER ASSETSTrading education
01The short answer
ANSWERA pip is the standard unit a currency price moves in. For most pairs it is the fourth decimal (0.0001); for pairs with the Japanese yen it is the second decimal (0.01). Your profit or loss is the number of pips times the value of one pip for your position size.
02Key points
- EUR/USD moving from 1.0850 to 1.0870 is a 20-pip move.
- USD/JPY moving from 150.20 to 150.50 is a 30-pip move.
- Pip value depends on your lot size.
03Go deeper
Day 2 of the bootcamp
The full lesson is free inside our Discord, with real chart examples, homework and people to ask.
- The complete step-by-step lesson
- Real chart examples
- Homework with feedback
- A community that answers your questions
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