What Is a Pip?

A pip stands for “Percentage in Point.”

It’s the smallest possible price movement in the exchange rate of a currency pair.

For most currency pairs, 1 pip = 0.0001 (that’s four decimal places).

For example:

• ● If EUR/USD moves from 1.1050 to 1.1051, it has moved 1 pip.

For pairs involving the Japanese Yen (JPY), 1 pip is 0.01 because they are quoted with only two decimal places.

Why Do Pips Matter?

Pips are essential in forex because they help you:

• ● Measure price movements
• ● Calculate profits or losses
• ● Compare spreads
• ● Set stop-loss and take-profit points

Whether you’re a beginner using a Standard Account or a pro using an ECN Account, you’ll always deal in pips when trading on TransXMarket.

How to Measure Pip Value

The value of a pip depends on three things:

• 1. The currency pair you're trading
• 2. The lot size (volume) of your trade
• 3. The base currency of your account (usually USD)
• ✔️ For a Standard Lot (100,000 units): to assist you at every step
• ● 1 pip = $10
• ✔️ For a Mini Lot (10,000 units):
• ● 1 pip = $1
• ✔️ For a Micro Lot (1,000 units):
• ● 1 pip = $0.10

Example:

You're trading 1 standard lot of EUR/USD.

• ● Buy at 1.1000, sell at 1.1015
• ● That’s a 15 pip gain

👉 15 pips x $10 = $150 profit

What About Spreads?

The spread is the difference between the buy and sell price — and it’s measured in pips too.

At TransXMarket, we offer:

• ● Standard Account
• ● Pro Account – Spreads from 0.8 pips
• ● ECN Account – Raw spreads from 0.0 pips

Tighter spreads = Lower costs = More profit potential for you.

Monitoring Pips on TransXMarket

When you trade with us on MT5, our platform shows pip movements in real-time.

You can:

• ● View pip differences on charts
• ● Set SL/TP levels based on pip value
• ● Use pip-based indicators to plan trades
• ● Track pip profit/loss automatically

Whether you're trading with leverage or on a swap-free Islamic account , pip tracking stays consistent and easy.