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Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 137 (from laksa105)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa137.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.xtb.com/en/education/pip-what-is-a-pip\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.xtb.com/en/education/pip-what-is-a-pip\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.xtb.com\/en\/education\/pip-what-is-a-pip","crawl_time":1776088115,"first_indexed_time":1651249511,"http_code":200,"src_unparsed":"com,xtb!www,\/en\/education\/pip-what-is-a-pip s443","src_root_hash":"18273048542095896737","history_drop_reason":null,"meta_title":"What is a Pip? | XTB","meta_descriptions":["A pip is the smallest amount by which an instrument may change in value. Learn more about what is a pip and how to calculate its value in this article."],"attrs_boilerpipe_text":"Reading time 2 minute(s)\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\nMost currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1\/100 of 1% or one basis point.\nA pip stands for ‘percentage in points’.\nA pip is the smallest price change that a market can make.\nThe pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD\/JPY is the equivalent to a move in price of 0.01.\nYou can determine how much you gain or lose per pip using lot size to set the volume of your trade.\nWhen traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP\/USD rallied 150 pips today.\nPips are sometimes also called ticks, mostly in relation to forex.\nReal-World Examples of Pip\nIf you’d like to know the exact size of a pip on the market you’re interested in, you can visit our\nInstrument Specification\npage and look at the ‘Size of one PIP’ column.\nAs seen above, a pip on the\nAUDCAD\nmarket is the fourth digit after the decimal, whilst a pip on the\nAUDJPY\nmarket is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same.\nAs an example, the\nEURUSD\nis quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips.\nHow Do I Know the Value of a Pip?\nUnderstanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position.\nWhen using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62.\nSource: xStation\nWhat this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss.\nFAQ\nA pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1\/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1\/10 of a pip.\nPips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit.\nThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1\/2005 and is supervised by Polish Supervision Authority.","attrs_markdown":"[Read more](https:\/\/www.xtb.com\/en\/company-news)\n\nCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. **71% of retail investor accounts lose money when trading CFDs with this provider.** You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.\n\nCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. **71% of retail investor accounts lose money when trading CFDs with this provider.** You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.\n\n[![XTB Online Trading](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/svg-icons\/logo\/logo_xtb.svg) ![XTB Online Trading](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/svg-icons\/logo\/logo_xtb_white.svg)](https:\/\/www.xtb.com\/en)\n\n![XTB Online Trading](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/svg-icons\/logo\/logo_xtb.svg)\n\n![]()\n\nInvest  ![]()\n\n- [Stocks Tesla, Amazon, Apple, Netflix](https:\/\/www.xtb.com\/en\/shares)\n- [ETFs iShares, Vanguard, Lyxxor, Amundi](https:\/\/www.xtb.com\/en\/etfs)\n- [Forex GBP\/USD, EUR\/USD, EUR\/GBP, CHF\/JPY](https:\/\/www.xtb.com\/en\/forex)\n- [Indices UK100, S\\&P500, DAX, NIKKEI 225](https:\/\/www.xtb.com\/en\/indices)\n- [Commodities Gold, Natural Gas, Coffee, Oil](https:\/\/www.xtb.com\/en\/commodities)\n- [Account and fees Learn more about our fees, as well as deposits & withdrawals](https:\/\/www.xtb.com\/en\/account-and-fees)\n- [Legal information](https:\/\/www.xtb.com\/en\/legal-information)\n- [Risk warning](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/risk-warning-notice.pdf)\n- [Warning on Frauds and Scams](https:\/\/www.xtb.com\/en\/files\/warning-on-frauds-and-scams.pdf)\n\nSave  ![]()\n\n- [Investment Plans Invest your savings in a smarter way](https:\/\/www.xtb.com\/en\/investment-plans)\n- [Interest Earn interest on your uninvested funds](https:\/\/www.xtb.com\/en\/interest)\n- [ISA Open an Individual Savings Account tax-free](https:\/\/www.xtb.com\/en\/isa)\n- [Cash ISA New Tax-free savings, flexible access](https:\/\/www.xtb.com\/en\/cash-isa)\n\nEducation  ![]()\n\n- [Educational articles Comprehensive knowledge base](https:\/\/www.xtb.com\/en\/education)\n- [Market analysis Latest market news](https:\/\/www.xtb.com\/en\/market-analysis\/market-news)\n- [eBooks Free reports and guides](https:\/\/en.xtb.com\/free-ebooks-2022)\n- [Online security Important Take care of your digital security](https:\/\/en.xtb.com\/cybersecurity)\n\nAbout us  ![]()\n\n- [The company Over 20 years of experience in the investment industry](https:\/\/www.xtb.com\/en\/about-us)\n- [Ambassador Zlatan Ibrahimović](https:\/\/www.xtb.com\/en\/ambassador)\n- [Trading Platform Award-winning mobile application and web platform](https:\/\/www.xtb.com\/en\/platform)\n- [Contact Chat with us, send an email, or give us a call](https:\/\/www.xtb.com\/en\/contact)\n\n[Client office](https:\/\/www.xtb.com\/en\/client-office)\n\n[Web app](https:\/\/xstation5.xtb.com\/?branch=uk)\n\nAustralia • English\n\nChange\n\n[Create account](https:\/\/www.xtb.com\/en\/mobile-redirection-1\/)\n\n[Web app](https:\/\/xstation5.xtb.com\/?branch=uk)   [Download the app](https:\/\/app.xtb.com\/6PEv?af_xp=custom&pid=web_app&deep_link_value=https%3A%2F%2Fxstation5.xtb.com%3Fauid%3DAUID-22E3D244-11FD-4D41-8595-56332EB5F9CD)   [Download the app](https:\/\/app.xtb.com\/6PEv?af_xp=custom&pid=web_app&deep_link_value=https%3A%2F%2Fxstation5.xtb.com%3Fauid%3DAUID-22E3D244-11FD-4D41-8595-56332EB5F9CD)\n\nLogin\n\n- [Web app](https:\/\/xstation5.xtb.com\/?branch=uk)\n- [Client office](https:\/\/www.xtb.com\/en\/client-office)\n\n[Create account](https:\/\/www.xtb.com\/en\/mobile-redirection-1\/)\n\n![](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/placeholder\/tags\/2048\/glossary-1.webp)\n\nReading time 2 minute(s)\n\n# What is a Pip?\n\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\n\nTable of contents\n\n- [1\\. Real-World Examples of Pip](https:\/\/www.xtb.com\/en\/education\/pip-what-is-a-pip#real-world-examples-of-pip)\n- [2\\. How Do I Know the Value of a Pip?](https:\/\/www.xtb.com\/en\/education\/pip-what-is-a-pip#how-do-i-know-the-value-of-a-pip)\n\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\n\nMost currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1\/100 of 1% or one basis point.\n\n- A pip stands for ‘percentage in points’.\n- A pip is the smallest price change that a market can make.\n- The pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD\/JPY is the equivalent to a move in price of 0.01.\n- You can determine how much you gain or lose per pip using lot size to set the volume of your trade.\n- When traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP\/USD rallied 150 pips today.\n- Pips are sometimes also called ticks, mostly in relation to forex.\n## Real-World Examples of Pip\nIf you’d like to know the exact size of a pip on the market you’re interested in, you can visit our [Instrument Specification](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/market-specification\/forex) page and look at the ‘Size of one PIP’ column.\n\n![Instrument Specification Table](https:\/\/lh6.googleusercontent.com\/idqIqmFcFUCXBJjJ_MavJ-MW2xhYKOIHTA8sWNnCwX7z55Eicu5kAOWFBQCLISRrb9Egql_vfobMqz04YPkan9kGzF7uU4CjpySfldhmJ8XV5aTIuVRtJPf_gJUkb5GO3PKq9vnT)\n\nAs seen above, a pip on the [AUDCAD](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/aud-cad) market is the fourth digit after the decimal, whilst a pip on the [AUDJPY](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/aud-jpy) market is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same.\n\nAs an example, the [EURUSD](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/eur-usd) is quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips.\n\n## How Do I Know the Value of a Pip?\nUnderstanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position.\n\nWhen using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62.\n\n![xStation Calculator](https:\/\/lh5.googleusercontent.com\/-KHWWofjyiKqX2Sqhpy2eDSSGoa5tTB-AoDZ6PN8DCv_98-rniEhi390fvdkkYJkdoQlc4glMg5oVBu6XmZRpmv3UoZVgXab3DVLTcrzTCJqu9wOOVNA9r7XsbFXWWudF8kknH-g)\n\nSource: xStation\n\nWhat this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss.\n\n## FAQ\n### **What is a Pip?**\nA pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1\/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1\/10 of a pip.\n\n### **How are pips used?**\nPips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit.\n\n[![](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/placeholder\/tags\/768\/indices-2.webp) 2 minutes Indices (definitions)](https:\/\/www.xtb.com\/en\/education\/indices-definitions)\n\n[![](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/placeholder\/tags\/768\/cfds-2.webp) 3 minutes CFD (definitions)](https:\/\/www.xtb.com\/en\/education\/cfd-definitions)\n\n[![](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/placeholder\/tags\/768\/forex-2.webp) 2 minutes Forex Definitions](https:\/\/www.xtb.com\/en\/education\/forex-definitions)\n\nThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1\/2005 and is supervised by Polish Supervision Authority.\n\n[Glossary](https:\/\/www.xtb.com\/en\/education?tag=glossary)\n\n![]()\n\n![XTB Online Trading]()\n\nInvest\n\n- [Stocks](https:\/\/www.xtb.com\/en\/shares)\n- [ETFs](https:\/\/www.xtb.com\/en\/etfs)\n- [Forex](https:\/\/www.xtb.com\/en\/forex)\n- [Indices](https:\/\/www.xtb.com\/en\/indices)\n- [Commodities](https:\/\/www.xtb.com\/en\/commodities)\n- [Account and fees](https:\/\/www.xtb.com\/en\/account-and-fees)\n- [Instrument specification](https:\/\/www.xtb.com\/en\/instrument-specification)\n- [Elected professionals](https:\/\/en.xtb.com\/elective-professional-trader)\n\nSave\n\n- [Investment Plans](https:\/\/www.xtb.com\/en\/investment-plans)\n- [Interest](https:\/\/www.xtb.com\/en\/interest)\n- [ISA](https:\/\/www.xtb.com\/en\/isa)\n- [Cash ISA](https:\/\/www.xtb.com\/en\/cash-isa)\n\nEducation\n\n- [Educational articles](https:\/\/www.xtb.com\/en\/education)\n- [Market analysis](https:\/\/www.xtb.com\/en\/market-analysis\/market-news)\n- [eBooks](https:\/\/en.xtb.com\/free-ebooks-2022)\n- [Market calendar](https:\/\/www.xtb.com\/en\/market-analysis\/market-calendar)\n- [Help center](https:\/\/www.xtb.com\/en\/help-center)\n- [Online security](https:\/\/en.xtb.com\/cybersecurity)\n\nAbout us\n\n- [The company](https:\/\/www.xtb.com\/en\/about-us)\n- [Ambassador](https:\/\/www.xtb.com\/en\/ambassador)\n- [Trading Platform](https:\/\/www.xtb.com\/en\/platform)\n- [Contact](https:\/\/www.xtb.com\/en\/contact)\n\nInvestor relations\n\n- [News](https:\/\/www.xtb.com\/en\/news_ir)\n- [Reports](https:\/\/www.xtb.com\/en\/reports)\n- [Share price](https:\/\/ir.xtb.com\/en\/stock-info\/quotes\/)\n- [ESG](https:\/\/esg.xtb.com\/en\/)\n\nLegal\n\n- [Privacy policy](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/privacy-policy.pdf)\n- [Legal information](https:\/\/www.xtb.com\/en\/legal-information)\n- [Terms of business](https:\/\/www.xtb.com\/en\/legal-information)\n- [Website disclamer](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/website-disclaimer.pdf)\n- [Risk warning](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/risk-warning-notice.pdf)\n- [Internet security](https:\/\/www.xtb.com\/en\/education\/internet-security)\n- [Company news](https:\/\/www.xtb.com\/en\/company-news)\n\n- [Partnership](https:\/\/www.xtb.com\/en\/partnerships)\n  [Partnership](https:\/\/www.xtb.com\/en\/partnerships)\n- [xopenhub.pro](https:\/\/xopenhub.pro\/)\n  [xopenhub.pro](https:\/\/xopenhub.pro\/)\n- [Client office](https:\/\/www.xtb.com\/en\/client-office)\n  [Client office](https:\/\/www.xtb.com\/en\/client-office)\n\n- [Web app](https:\/\/xstation5.xtb.com\/?branch=uk)\n- [Create account](https:\/\/www.xtb.com\/en\/mobile-redirection-1\/)\n\nCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. **71% of retail investor accounts lose money when trading CFDs with this provider.** You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.\n\nXTB Limited is authorised and regulated by the UK Financial Conduct Authority (FRN 522157) with its registered and trading office at Level 9, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom (company number 07227848).\n\nCopyright 2026 © XTB • Cookies settings\n\nThis page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our [Privacy Policy](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/privacy-policy.pdf)\n\nThis page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our [Privacy Policy](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/privacy-policy.pdf)\n\nSettings\n\nAccept all\n\nWe use cookies\n\nBy clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.\n\nEssential\n\nThis group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. 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Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our [Privacy Policy](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/legal-information\/privacy-policy.pdf) You can manage cookies by clicking \"Settings\". If you agree to our use of cookies, click \"Accept all\".\n\nAccept all\n\nSave settings\n\nChange region and language\n\nCountry of residence\n\n![]()\n\n![]()\n\nThe selected country of residence is not operated. Please choose a different country.\n\nLanguage\n\nChanging the language affects the change of regulator\n\nChange and go to site\n\nConfirm","attrs_readable_markdown":"![](https:\/\/xas-cdn.xtb.com\/build\/twigImages\/placeholder\/tags\/2048\/glossary-1.webp)\n\nReading time 2 minute(s)\n\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\n\nA pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention.\n\nMost currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1\/100 of 1% or one basis point.\n\n- A pip stands for ‘percentage in points’.\n- A pip is the smallest price change that a market can make.\n- The pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD\/JPY is the equivalent to a move in price of 0.01.\n- You can determine how much you gain or lose per pip using lot size to set the volume of your trade.\n- When traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP\/USD rallied 150 pips today.\n- Pips are sometimes also called ticks, mostly in relation to forex.\n## Real-World Examples of Pip\nIf you’d like to know the exact size of a pip on the market you’re interested in, you can visit our [Instrument Specification](https:\/\/www.xtb.com\/en\/trading-services\/account-information\/market-specification\/forex) page and look at the ‘Size of one PIP’ column.\n\n![Instrument Specification Table](https:\/\/lh6.googleusercontent.com\/idqIqmFcFUCXBJjJ_MavJ-MW2xhYKOIHTA8sWNnCwX7z55Eicu5kAOWFBQCLISRrb9Egql_vfobMqz04YPkan9kGzF7uU4CjpySfldhmJ8XV5aTIuVRtJPf_gJUkb5GO3PKq9vnT)\n\nAs seen above, a pip on the [AUDCAD](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/aud-cad) market is the fourth digit after the decimal, whilst a pip on the [AUDJPY](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/aud-jpy) market is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same.\n\nAs an example, the [EURUSD](https:\/\/www.xtb.com\/en\/trading-services\/range-of-markets\/forex-trading\/eur-usd) is quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips.\n\n## How Do I Know the Value of a Pip?\nUnderstanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position.\n\nWhen using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62.\n\n![xStation Calculator](https:\/\/lh5.googleusercontent.com\/-KHWWofjyiKqX2Sqhpy2eDSSGoa5tTB-AoDZ6PN8DCv_98-rniEhi390fvdkkYJkdoQlc4glMg5oVBu6XmZRpmv3UoZVgXab3DVLTcrzTCJqu9wOOVNA9r7XsbFXWWudF8kknH-g)\n\nSource: xStation\n\nWhat this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss.\n\n## FAQ\n###\nA pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1\/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1\/10 of a pip.\n\n###\nPips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit.\n\nThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1\/2005 and is supervised by Polish Supervision Authority.","meta_canonical":null}

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Boilerpipe Text	Reading time 2 minute(s) A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. Most currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1/100 of 1% or one basis point. A pip stands for ‘percentage in points’. A pip is the smallest price change that a market can make. The pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD/JPY is the equivalent to a move in price of 0.01. You can determine how much you gain or lose per pip using lot size to set the volume of your trade. When traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP/USD rallied 150 pips today. Pips are sometimes also called ticks, mostly in relation to forex. Real-World Examples of Pip If you’d like to know the exact size of a pip on the market you’re interested in, you can visit our Instrument Specification page and look at the ‘Size of one PIP’ column. As seen above, a pip on the AUDCAD market is the fourth digit after the decimal, whilst a pip on the AUDJPY market is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same. As an example, the EURUSD is quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips. How Do I Know the Value of a Pip? Understanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position. When using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62. Source: xStation What this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss. FAQ A pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1/10 of a pip. Pips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit. This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
Markdown	[Read more](https://www.xtb.com/en/company-news) CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. Table of contents - [1\. Real-World Examples of Pip](https://www.xtb.com/en/education/pip-what-is-a-pip#real-world-examples-of-pip) - [2\. How Do I Know the Value of a Pip?](https://www.xtb.com/en/education/pip-what-is-a-pip#how-do-i-know-the-value-of-a-pip) A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. Most currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1/100 of 1% or one basis point. - A pip stands for ‘percentage in points’. - A pip is the smallest price change that a market can make. - The pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD/JPY is the equivalent to a move in price of 0.01. - You can determine how much you gain or lose per pip using lot size to set the volume of your trade. - When traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP/USD rallied 150 pips today. - Pips are sometimes also called ticks, mostly in relation to forex. ## Real-World Examples of Pip If you’d like to know the exact size of a pip on the market you’re interested in, you can visit our [Instrument Specification](https://www.xtb.com/en/trading-services/account-information/market-specification/forex) page and look at the ‘Size of one PIP’ column. ![Instrument Specification Table](https://lh6.googleusercontent.com/idqIqmFcFUCXBJjJ_MavJ-MW2xhYKOIHTA8sWNnCwX7z55Eicu5kAOWFBQCLISRrb9Egql_vfobMqz04YPkan9kGzF7uU4CjpySfldhmJ8XV5aTIuVRtJPf_gJUkb5GO3PKq9vnT) As seen above, a pip on the [AUDCAD](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/aud-cad) market is the fourth digit after the decimal, whilst a pip on the [AUDJPY](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/aud-jpy) market is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same. As an example, the [EURUSD](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/eur-usd) is quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips. ## How Do I Know the Value of a Pip? Understanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position. When using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62. ![xStation Calculator](https://lh5.googleusercontent.com/-KHWWofjyiKqX2Sqhpy2eDSSGoa5tTB-AoDZ6PN8DCv_98-rniEhi390fvdkkYJkdoQlc4glMg5oVBu6XmZRpmv3UoZVgXab3DVLTcrzTCJqu9wOOVNA9r7XsbFXWWudF8kknH-g) Source: xStation What this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss. ## FAQ ### What is a Pip? A pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1/10 of a pip. ### How are pips used? Pips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit. [![](https://xas-cdn.xtb.com/build/twigImages/placeholder/tags/768/indices-2.webp) 2 minutes Indices (definitions)](https://www.xtb.com/en/education/indices-definitions) [![](https://xas-cdn.xtb.com/build/twigImages/placeholder/tags/768/cfds-2.webp) 3 minutes CFD (definitions)](https://www.xtb.com/en/education/cfd-definitions) [![](https://xas-cdn.xtb.com/build/twigImages/placeholder/tags/768/forex-2.webp) 2 minutes Forex Definitions](https://www.xtb.com/en/education/forex-definitions) This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority. 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Readable Markdown	![](https://xas-cdn.xtb.com/build/twigImages/placeholder/tags/2048/glossary-1.webp) Reading time 2 minute(s) A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. A pip is an acronym for Percentage In Point or Price Interest Point. It is the smallest whole unit price move that an exchange rate can make, based on forex market convention. Most currency pairs are priced out to four decimal places and a single pip is in the last (fourth) decimal place. A pip is equivalent to 1/100 of 1% or one basis point. - A pip stands for ‘percentage in points’. - A pip is the smallest price change that a market can make. - The pip size changes across most markets. For example, most currencies are priced to four decimal places, meaning that a 0.0001 move in the market is referred to as a 1 pip move. However, 1 pip in the USD/JPY is the equivalent to a move in price of 0.01. - You can determine how much you gain or lose per pip using lot size to set the volume of your trade. - When traders refer to the movement of a particular market, they talk of its movement in pips. For example, the GBP/USD rallied 150 pips today. - Pips are sometimes also called ticks, mostly in relation to forex. ## Real-World Examples of Pip If you’d like to know the exact size of a pip on the market you’re interested in, you can visit our [Instrument Specification](https://www.xtb.com/en/trading-services/account-information/market-specification/forex) page and look at the ‘Size of one PIP’ column. ![Instrument Specification Table](https://lh6.googleusercontent.com/idqIqmFcFUCXBJjJ_MavJ-MW2xhYKOIHTA8sWNnCwX7z55Eicu5kAOWFBQCLISRrb9Egql_vfobMqz04YPkan9kGzF7uU4CjpySfldhmJ8XV5aTIuVRtJPf_gJUkb5GO3PKq9vnT) As seen above, a pip on the [AUDCAD](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/aud-cad) market is the fourth digit after the decimal, whilst a pip on the [AUDJPY](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/aud-jpy) market is the second digit after the decimal. XTB also provides traders with more accuracy regarding the price of an asset by adding an additional digit. While this adds to the accuracy of pricing, it does not change the fact that the current size of one pip remains the same. As an example, the [EURUSD](https://www.xtb.com/en/trading-services/range-of-markets/forex-trading/eur-usd) is quoted at a bid price of 1.09952. The pip is the fourth digit after the decimal point, which in this case is the number 5. If the ask price was quoted at 1.09964 and you were interested in calculating the spread on this market, you would simply need to subtract 1.09952 from 1.09964. In this case the spread would be 1.2 pips. ## How Do I Know the Value of a Pip? Understanding the pip value is vital to any trader - after all, it’s key to understanding the value of your position and for calculating how much profit or loss you stand to make if the market moves a certain number of pips after the trade is opened. The pip value depends on your chosen market, as well as on the volume you’ve selected for your position. When using the MT4 platform, you are required to calculate the value of a pip manually. However, one of xStation’s most popular functionalities is providing this value in the in-built calculator depending on the transaction volume and the chosen market. In the example below, a 1 lot transaction on the EURUSD gives a pip value of £7.62. ![xStation Calculator](https://lh5.googleusercontent.com/-KHWWofjyiKqX2Sqhpy2eDSSGoa5tTB-AoDZ6PN8DCv_98-rniEhi390fvdkkYJkdoQlc4glMg5oVBu6XmZRpmv3UoZVgXab3DVLTcrzTCJqu9wOOVNA9r7XsbFXWWudF8kknH-g) Source: xStation What this means is that if the market moved 10 pips in your favour, you would generate a profit of £76.20 (7.62 x 10). At the same time, however, if the market moved against you by 10 pips, then you would generate a loss of £76.20 (7.62 x 10). It is very important to know the pip value before opening a transaction on the market to fully understand the size of the potential profit or loss. ## FAQ ### A pip is the smallest whole unit measurement of the difference between the bid and ask spread in a foreign exchange quote. A pip equals 1/100 of 1%, or .0001. Thus, the forex quote extends out to four decimal places. Smaller price increments are measured by fractional pips. A fractional pip is 1/10 of a pip. ### Pips are an integral part of a currency pair’s exchange rate market quote, as they represent the change in the quote and the value of a position in the market you may have taken. For example, if you buy a forex pair for 1.1356 and sell it for 1.1360, you make 4 pips on your trade. Then, you need to calculate the value of one pip and multiply that number by your lot size for the actual value of your profit. This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
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