At Trader’s Way, Prime Online Forex and CFD broker, we provide our clients with the very latest in software applications, trading terminals, lowest commissions in the market, etc. In addition, clients can review our expert analysis for the very latest news, market movements, pivot point predictions, etc. As part of our ongoing series on the market, here’s a recap on pips and pipette. The pip is the smallest price increment and was the least minimum amount by which a price would change. Now, currency quotes can change by one-tenth of a pip or a pipette.
Example: USDJPY was usually quoted with 2 digits after the decimal point, e.g. 77.21/77.23, and 1 pip = 0.01. Now you can see the following quotation - 78.513/78.524, where the smallest price change is 0.001 = 0.1 pips = 1 pipette.
For more information, check out Trader’s Way.