What Is a Pip in Forex Trading?

[inveslo]

Understanding pips in forex trading is one of the most fundamental skills every trader must master, as pips are the standard unit for measuring price movement in currency pairs. I came across this guide on Inveslo that explains what is a pip in forex trading and why it’s so important for trade calculations, risk management, and profit measurement. Since pips directly influence how we set stop-loss, take-profit, and position sizing, I wanted to open a discussion with fellow traders.