What is PIP?

[Andy Jones]

Forex is a four decimal marketplace where currency exchange rate is articulated in 4 decimals always; except Japanese Yen. PIP is the nominal increase in the value changes of exchange rate and we traders can work with regular lot starting from $100000 and mini lots starting from $10000. So you can trade as per your beloved lots in the forex market. But while trading in the forex market, you should carry out your required investigations so that you can trail the surroundings of market and take decisions of lots in that way.

[Jesica]

Yes, You are sharing very interesting information.

[Sininfinity]

Well aside from standard and mini lots, there is also micro lots which lets traders trade with 1000 units of base currency. Just sharing in case anyone does not know.