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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 148 (from laksa107)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa148.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.myfxbook.com/education/pips-pipettes-and-pip-value\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.myfxbook.com/education/pips-pipettes-and-pip-value\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value","crawl_time":1773881254,"first_indexed_time":1756914845,"http_code":200,"src_unparsed":"com,myfxbook!www,\/education\/pips-pipettes-and-pip-value s443","src_root_hash":"6681729399585081748","history_drop_reason":null,"meta_title":"Pips, Pipettes and Pip Value - Forex Education Center | Myfxbook","meta_descriptions":["Learn about forex pips (fourth decimal) and pipetts (one-tenth of a pip). Calculate pip values for standard, mini and micro lots to estimate profits, losses and manage risk."],"attrs_boilerpipe_text":"Pips\nThe pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately.\nWhen forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity).\nFor the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place.\nWhen corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR\/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip.\nIn currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01.\nFor example, if the USD\/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips.\nPipettes\nPipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients.\nA pipette is one-tenth of a pip, this means that if the EUR\/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette.\nPip Value Calculation\nTo calculate the pip value, traders use the formula:\n(pip value in the quote currency) x (number of units traded) = (pip value in the account currency).\nPips are also used to determine a trade's profit or loss.\nFor example, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. On the other hand, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.1990, they have made a 10 pip loss.","attrs_markdown":"Loading...\n\nContinue to Myfxbook.com\n\nContinue to Myfxbook.com\n\n[![Myfxbook logo](https:\/\/static.mfbcdn.net\/images\/logo.png)](https:\/\/www.myfxbook.com\/ \"Myfxbook logo\")   [![sponsor logo](https:\/\/static.mfbcdn.net\/images\/pepperstone_header.png)](https:\/\/pubads.g.doubleclick.net\/gampad\/clk?id=6931569964&iu=\/15597568)\n\n[![Myfxbook logo](https:\/\/static.mfbcdn.net\/images\/fxMobileLogo.png?n=web1&v=1773834917250)](https:\/\/www.myfxbook.com\/)\n\n![en-flag](https:\/\/static.mfbcdn.net\/images\/languages\/en.png)\n\n- [Čeština](https:\/\/www.myfxbook.com\/cs\/education\/pips-pipettes-and-pip-value)\n- [Deutsch](https:\/\/www.myfxbook.com\/de\/education\/pips-pipettes-and-pip-value)\n- [English](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value)\n- [Español](https:\/\/www.myfxbook.com\/es\/education\/pips-pipettes-and-pip-value)\n- [Français](https:\/\/www.myfxbook.com\/fr\/education\/pips-pipettes-and-pip-value)\n- [Indonesia](https:\/\/www.myfxbook.com\/id\/education\/pips-pipettes-and-pip-value)\n- [Latviešu](https:\/\/www.myfxbook.com\/lv\/education\/pips-pipettes-and-pip-value)\n- [Melayu](https:\/\/www.myfxbook.com\/my\/education\/pips-pipettes-and-pip-value)\n- [Polski](https:\/\/www.myfxbook.com\/pl\/education\/pips-pipettes-and-pip-value)\n- [Português(Brasil)](https:\/\/www.myfxbook.com\/br\/education\/pips-pipettes-and-pip-value)\n- [Português(Portugal)](https:\/\/www.myfxbook.com\/pt\/education\/pips-pipettes-and-pip-value)\n- [Slovenčina](https:\/\/www.myfxbook.com\/sk\/education\/pips-pipettes-and-pip-value)\n- [Svenska](https:\/\/www.myfxbook.com\/sv\/education\/pips-pipettes-and-pip-value)\n- [Türkçe](https:\/\/www.myfxbook.com\/tr\/education\/pips-pipettes-and-pip-value)\n- [Vietnamese](https:\/\/www.myfxbook.com\/vi\/education\/pips-pipettes-and-pip-value)\n- [Русский](https:\/\/www.myfxbook.com\/ru\/education\/pips-pipettes-and-pip-value)\n- [हिंदी](https:\/\/www.myfxbook.com\/hi\/education\/pips-pipettes-and-pip-value)\n- [ไทย](https:\/\/www.myfxbook.com\/th\/education\/pips-pipettes-and-pip-value)\n- [日本語](https:\/\/www.myfxbook.com\/ja\/education\/pips-pipettes-and-pip-value)\n- [简体字](https:\/\/www.myfxbook.com\/zh\/education\/pips-pipettes-and-pip-value)\n- [繁體中文](https:\/\/www.myfxbook.com\/hk\/education\/pips-pipettes-and-pip-value)\n- [한국어](https:\/\/www.myfxbook.com\/kr\/education\/pips-pipettes-and-pip-value)\n\n[Sign In](https:\/\/www.myfxbook.com\/login)   [Sign Up](https:\/\/www.myfxbook.com\/login?reg=true)\n\n[![mobile sponsor logo](https:\/\/static.mfbcdn.net\/images\/pepperstone_mobile.webp?r=1)](https:\/\/pubads.g.doubleclick.net\/gampad\/clk?id=6931569964&iu=\/15597568)\n\n[Calendar](https:\/\/www.myfxbook.com\/forex-economic-calendar)\n\n[Calculators](https:\/\/www.myfxbook.com\/forex-calculators)\n\n[News](https:\/\/www.myfxbook.com\/news)\n\n[spreads](https:\/\/www.myfxbook.com\/forex-broker-spreads)\n\n[Sentiment](https:\/\/www.myfxbook.com\/community\/outlook)\n\n[Forex Heat Map](https:\/\/www.myfxbook.com\/forex-market\/heat-map)\n\n[Correlation](https:\/\/www.myfxbook.com\/forex-market\/correlation)\n\n- [Home](https:\/\/www.myfxbook.com\/)\n  [Home](https:\/\/www.myfxbook.com\/)\n  - 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Platforms](https:\/\/www.myfxbook.com\/education\/trading-platforms)\n\n[Chapter Quiz \"Trading Forex\"](https:\/\/www.myfxbook.com\/education\/quiz\/4)\n\n[Forex Basic Terminology](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter6)\n\n[Bear and Bull Markets](https:\/\/www.myfxbook.com\/education\/bear-and-bull-markets)\n\n[How to Read Currency Pairs](https:\/\/www.myfxbook.com\/education\/how-to-read-currency-pairs)\n\n[Bid, Ask Price and Spread](https:\/\/www.myfxbook.com\/education\/bid-ask-price-and-spread)\n\n[Pips, Pipettes and Pip Value](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value)\n\n[Leverage](https:\/\/www.myfxbook.com\/education\/leverage)\n\n[Equity](https:\/\/www.myfxbook.com\/education\/equity)\n\n[Margin](https:\/\/www.myfxbook.com\/education\/margin)\n\n[Correlation](https:\/\/www.myfxbook.com\/education\/correlation)\n\n[Exchange Rates](https:\/\/www.myfxbook.com\/education\/exchange-rates)\n\n[Long and Short Positions](https:\/\/www.myfxbook.com\/education\/long-and-short-positions)\n\n[Lot Sizes](https:\/\/www.myfxbook.com\/education\/lot-sizes)\n\n[Stop-Loss and Take-Profit](https:\/\/www.myfxbook.com\/education\/stoploss-and-takeprofit)\n\n[Forex Orders](https:\/\/www.myfxbook.com\/education\/forex-orders)\n\n[Chapter Quiz \"Forex Basic Terminology\"](https:\/\/www.myfxbook.com\/education\/quiz\/5)\n\n[Forex Analysis](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter9)\n\n[Fundamental Analysis](https:\/\/www.myfxbook.com\/education\/fundamental-analysis)\n\n[Economic Calendar](https:\/\/www.myfxbook.com\/education\/economic-calendar)\n\n[Reading News for Trading Forex](https:\/\/www.myfxbook.com\/education\/reading-news-for-trading-forex)\n\n[Forex Sentiment Analysis](https:\/\/www.myfxbook.com\/education\/forex-sentiment-analysis)\n\n[Chapter Quiz \"Forex Analysis\"](https:\/\/www.myfxbook.com\/education\/quiz\/6)\n\n[Forex Technical 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Patterns](https:\/\/www.myfxbook.com\/education\/the-flag-and-pennant-patterns)\n\n[The Head and Shoulders Pattern](https:\/\/www.myfxbook.com\/education\/the-head-and-shoulders-pattern)\n\n[The Double Top and Double Bottom Patterns](https:\/\/www.myfxbook.com\/education\/the-double-top-and-double-bottom-patterns)\n\n[Island Reversal Pattern](https:\/\/www.myfxbook.com\/education\/island-reversal-pattern)\n\n[Chapter Quiz \"Forex Chart Patterns\"](https:\/\/www.myfxbook.com\/education\/quiz\/8)\n\n[Forex Candlestick Patterns](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter8)\n\n[Candlestick Patterns](https:\/\/www.myfxbook.com\/education\/candlestick-patterns)\n\n[Single Candlestick Patterns](https:\/\/www.myfxbook.com\/education\/single-candlestick-patterns)\n\n[Dual Candlestick Patterns](https:\/\/www.myfxbook.com\/education\/dual-candlestick-patterns)\n\n[Triple Candlestick Patterns](https:\/\/www.myfxbook.com\/education\/triple-candlestick-patterns)\n\n[Chapter Quiz \"Forex Candlestick Patterns\"](https:\/\/www.myfxbook.com\/education\/quiz\/9)\n\n# Pips, Pipettes and Pip Value\n2 min read\n\n[Share]()\n\nShare this page\\!\n\n[![Stocktwits](https:\/\/static.mfbcdn.net\/images\/ST_48x48.png)](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value)\n***\n## Pips\nThe pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately.\n\nWhen forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity).\n\nFor the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place.\n\nWhen corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR\/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/D8gfXU2u14Ya.png)\n\nIn currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01.\n\nFor example, if the USD\/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips.\n\n## Pipettes\nPipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients.\n\nA pipette is one-tenth of a pip, this means that if the EUR\/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/B6QKz5hbwUqy.png)\n\n## Pip Value Calculation\nTo calculate the pip value, traders use the formula:\n\n(pip value in the quote currency) x (number of units traded) = (pip value in the account currency).\n\nPips are also used to determine a trade's profit or loss.\n\nFor example, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. On the other hand, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.1990, they have made a 10 pip loss.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/mzF8osbupV7G.png)\n***\nNext: Leverage  [Next Lesson](https:\/\/www.myfxbook.com\/education\/leverage)\n\n[Sign In](https:\/\/www.myfxbook.com\/login?regFrom=education&loginFrom=\/education) \/ [Sign Up](https:\/\/www.myfxbook.com\/login?regFrom=education&loginFrom=\/education&reg=true) to save your progress\n\n[Education Center](https:\/\/www.myfxbook.com\/education)\n\n[Forex Introduction](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter1-mobile)\n\n[What is Forex?](https:\/\/www.myfxbook.com\/education\/what-is-forex)\n\n[History of the Forex Market](https:\/\/www.myfxbook.com\/education\/history-of-the-forex-market)\n\n[Starting in the Forex Market](https:\/\/www.myfxbook.com\/education\/starting-in-the-forex-market)\n\n[Chapter Quiz \"Forex Introduction\"](https:\/\/www.myfxbook.com\/education\/quiz\/1)\n\n[Forex Market Structure](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter2-mobile)\n\n[Centralized vs Decentralized Markets](https:\/\/www.myfxbook.com\/education\/centralized-vs-decentralized-markets)\n\n[Currencies in Forex](https:\/\/www.myfxbook.com\/education\/currencies-in-forex)\n\n[Currency Pairs in Forex](https:\/\/www.myfxbook.com\/education\/currency-pairs-in-forex)\n\n[Currency Pair’s Nicknames](https:\/\/www.myfxbook.com\/education\/currency-pairrsquos-nicknames)\n\n[Types of Forex Markets](https:\/\/www.myfxbook.com\/education\/types-of-forex-markets)\n\n[Days of the Week to Trade Forex](https:\/\/www.myfxbook.com\/education\/days-of-the-week-to-trade-forex)\n\n[Forex Market Hours](https:\/\/www.myfxbook.com\/education\/forex-market-hours)\n\n[Months of the Year to Trade Forex](https:\/\/www.myfxbook.com\/education\/months-of-the-year-to-trade-forex)\n\n[Chapter Quiz \"Forex Market Structure\"](https:\/\/www.myfxbook.com\/education\/quiz\/2)\n\n[Forex Market Participants](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter4-mobile)\n\n[Commercial And Investment Banks](https:\/\/www.myfxbook.com\/education\/commercial-and-investment-banks)\n\n[Businesses and Corporations](https:\/\/www.myfxbook.com\/education\/businesses-and-corporations)\n\n[Fund Managers, Hedge Funds, and Sovereign Wealth Funds](https:\/\/www.myfxbook.com\/education\/fund-managers-hedge-funds-and-sovereign-wealth-funds)\n\n[Online Retail Broker-Dealers](https:\/\/www.myfxbook.com\/education\/online-retail-brokerdealers)\n\n[Central Banks](https:\/\/www.myfxbook.com\/education\/central-banks)\n\n[Internet-Based Trading Platforms](https:\/\/www.myfxbook.com\/education\/internetbased-trading-platforms)\n\n[Chapter Quiz \"Forex Market Participants\"](https:\/\/www.myfxbook.com\/education\/quiz\/3)\n\n[Trading Forex](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter5-mobile)\n\n[Forex Brokers](https:\/\/www.myfxbook.com\/education\/forex-brokers)\n\n[Choosing a Forex Broker](https:\/\/www.myfxbook.com\/education\/choosing-a-forex-broker)\n\n[Forex Broker Regulations](https:\/\/www.myfxbook.com\/education\/forex-broker-regulations)\n\n[Forex Account Types](https:\/\/www.myfxbook.com\/education\/forex-account-types)\n\n[Trading Platforms](https:\/\/www.myfxbook.com\/education\/trading-platforms)\n\n[Chapter Quiz \"Trading Forex\"](https:\/\/www.myfxbook.com\/education\/quiz\/4)\n\n[Forex Basic Terminology](https:\/\/www.myfxbook.com\/education\/pips-pipettes-and-pip-value#chapter6-mobile)\n\n[Bear and Bull Markets](https:\/\/www.myfxbook.com\/education\/bear-and-bull-markets)\n\n[How to Read Currency Pairs](https:\/\/www.myfxbook.com\/education\/how-to-read-currency-pairs)\n\n[Bid, Ask Price and 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Please enable it:\n\n![web\\_notification\\_unblock\\_gif](https:\/\/www.myfxbook.com\/images\/web_notification_unblock.gif)\n\nYou can disable notifications at any time from your browser.\n\n[Continue]()\n\n|   |   |   |\n|---|---|---|\n| PREVIOUS | CONSENSUS | ACTUAL |\n\n0 seconds\n\nThere are no scheduled events.\n\n![](https:\/\/www.facebook.com\/tr?id=1382175133547255&ev=PageView&noscript=1)","attrs_readable_markdown":"## Pips\nThe pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately.\n\nWhen forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity).\n\nFor the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place.\n\nWhen corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR\/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/D8gfXU2u14Ya.png)\n\nIn currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01.\n\nFor example, if the USD\/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips.\n\n## Pipettes\nPipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients.\n\nA pipette is one-tenth of a pip, this means that if the EUR\/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/B6QKz5hbwUqy.png)\n\n## Pip Value Calculation\nTo calculate the pip value, traders use the formula:\n\n(pip value in the quote currency) x (number of units traded) = (pip value in the account currency).\n\nPips are also used to determine a trade's profit or loss.\n\nFor example, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. On the other hand, if a trader buys the EUR\/USD at 1.2000 and sells it at 1.1990, they have made a 10 pip loss.\n\n![](https:\/\/static.mfbcdn.net\/images\/education\/41\/mzF8osbupV7G.png)","meta_canonical":null}

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Meta Title	Pips, Pipettes and Pip Value - Forex Education Center \| Myfxbook
Meta Description	Learn about forex pips (fourth decimal) and pipetts (one-tenth of a pip). Calculate pip values for standard, mini and micro lots to estimate profits, losses and manage risk.
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Boilerpipe Text	Pips The pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately. When forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity). For the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place. When corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip. In currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01. For example, if the USD/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips. Pipettes Pipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients. A pipette is one-tenth of a pip, this means that if the EUR/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette. Pip Value Calculation To calculate the pip value, traders use the formula: (pip value in the quote currency) x (number of units traded) = (pip value in the account currency). Pips are also used to determine a trade's profit or loss. For example, if a trader buys the EUR/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. On the other hand, if a trader buys the EUR/USD at 1.2000 and sells it at 1.1990, they have made a 10 pip loss.
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[![Stocktwits](https://static.mfbcdn.net/images/ST_48x48.png)](https://www.myfxbook.com/education/pips-pipettes-and-pip-value) * ## Pips The pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately. When forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity). For the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place. When corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip. ![](https://static.mfbcdn.net/images/education/41/D8gfXU2u14Ya.png) In currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01. For example, if the USD/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips. ## Pipettes Pipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients. A pipette is one-tenth of a pip, this means that if the EUR/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette. ![](https://static.mfbcdn.net/images/education/41/B6QKz5hbwUqy.png) ## Pip Value Calculation To calculate the pip value, traders use the formula: (pip value in the quote currency) x (number of units traded) = (pip value in the account currency). Pips are also used to determine a trade's profit or loss. For example, if a trader buys the EUR/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. 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Readable Markdown	## Pips The pip, also known as the point in percentage, is the smallest unit of price change for a currency pair. It is used to measure the movement in the value of a currency pair and is crucial for calculating profits or losses accurately. When forex traders know how much a pip is worth, they can put a monetary value on their take profit goals and stop loss levels. Instead of just looking at changes in pips, traders can figure out how changes in the currency market will affect the value of their trading account (equity). For the majority of currency pairs, a pip corresponds to the fourth decimal point, with the Japanese Yen (JPY) being the exception, where a pip corresponds to the second decimal place. When corresponding to the fourth decimal point a pip represents a price fluctuation of 0.0001. For instance, if the EUR/USD exchange rate moved from 1.5000 to 1.5001, it has moved by one pip. ![](https://static.mfbcdn.net/images/education/41/D8gfXU2u14Ya.png) In currency pairs using the Japanese Yen (JPY), corresponding to the second decimal place a pip represents a price change of 0.01. For example, if the USD/JPY exchange rate moved from 120.00 to 120.03, it has moved by 3 pips. ## Pipettes Pipettes are fractional units of measurement in forex trading that offer more precise pricing for currency pairs. They are particularly useful for tracking small price movements and are used by some forex brokers to provide more accurate pricing for their clients. A pipette is one-tenth of a pip, this means that if the EUR/USD currency pair is priced at 1.34567, the last digit '7' would be considered a pipette. ![](https://static.mfbcdn.net/images/education/41/B6QKz5hbwUqy.png) ## Pip Value Calculation To calculate the pip value, traders use the formula: (pip value in the quote currency) x (number of units traded) = (pip value in the account currency). Pips are also used to determine a trade's profit or loss. For example, if a trader buys the EUR/USD at 1.2000 and sells it at 1.2010, they have made a 10 pip profit. On the other hand, if a trader buys the EUR/USD at 1.2000 and sells it at 1.1990, they have made a 10 pip loss. ![](https://static.mfbcdn.net/images/education/41/mzF8osbupV7G.png)
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