How much a pip worth?
What is pip?
Forex pip is the minimum price movement of a Forex trading pair, based on which, profit or loss from a trade is calculated. Usually, we get 4 decimals while showing a price quote of a definite pair. However, pip is the last decimal (4th decimal) in the price of a given pair. Please note that in case of the most major pairs, pip is the 4th decimal, but in case of dollar/yen, pip is the 2nd decimal.
That is, if the euro/US dollar is traded in a determined moments of 1.1352 price quote, i.e. every euro equals to 1.1352 US dollar, the pip would be 2. In the case where the price moves from 1.1352 to 1.1355, the movement of the price corresponds to 3 pips.
