noun
General Slang
Pip
· noun · finance
The smallest standard price tick in FX — usually the fourth decimal place.
0
Definitions
1
In most FX pairs, one pip is 0.0001 — the fourth decimal. For yen pairs it's the second decimal. It's the unit traders count P&L in: 'up 30 pips today' beats trying to say '0.0030 of EURUSD'.
“She was long EURUSD from 1.0840 and took 25 pips off the top.”
by community
0
2
A spot or dot on a playing card, domino or dice. Older sense, still used in cards.
“Count the pips — that's the eight of clubs.”
by community
0
3
British slang verb, 'to pip someone', meaning to beat them by the narrowest margin.
“Verstappen pipped Hamilton at the line.”
by community
0
Pip In A Sentence
She was long EURUSD from 1.0840 and took 25 pips off the top.
Count the pips — that's the eight of clubs.
Verstappen pipped Hamilton at the line.
Origin & Usage
Stands for 'percentage in point' (or 'price interest point').
Variants
pips
Comments 0