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Bitbucket Documentation Release 0.4.4devBaptiste MillouJun 29, 2017Contents1Installation 1.1 Pip. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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1 pip stands for 'Point in Percentage' and is a unit of measurement used in the financial markets to indicate the smallest price move that a currency pair can make.
Traders and investors in the financial markets are required to be knowledgeable about pips and how they can affect their trades.
To calculate the value of a pip, you can use the formula: (Pip Value) = (Pip in decimal places) x 1 Lot Size)
The purpose of 1 pip is to measure the movement of a currency pair in the forex market and to calculate profits and losses.
The information reported on 1 pip includes the currency pair, the number of lots traded, the entry price, the exit price, and the profit or loss.
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