{"id":1198,"date":"2022-05-02T04:47:59","date_gmt":"2022-05-02T02:47:59","guid":{"rendered":"https:\/\/www.onlinetradingplatforms.co.uk\/?page_id=1198"},"modified":"2022-05-02T06:46:00","modified_gmt":"2022-05-02T04:46:00","slug":"pips-and-spreads","status":"publish","type":"page","link":"https:\/\/www.onlinetradingplatforms.co.uk\/forex-trading\/pips-and-spreads\/","title":{"rendered":"Pips and Spreads"},"content":{"rendered":"
To\u00a0trade Forex successfully<\/strong>\u00a0you need to understand the basics, including the most used terms.<\/p>\n
And two of the most important words you\u2019ll hear are \u201cpips\u201d and \u201cspreads\u201d.<\/p>\n
The acronym PIP stands for Percentage In Point or Price Interest Point. In Forex trading your profits and losses are measured in pips.<\/p>\n
In simple terms\u00a0a PIP is the smallest value<\/strong>\u00a0(price) increment a currency can make.<\/p>\n
A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on.<\/p>\n