Pip Value = (One Pip/Exchange Rate) x Lot Size What Is One Pip Change in MT4? A pip is an actual hundredth of one percent (1/100 x 0.01), which is found at the fourth decimal point (0.0001).

(MENAFN- Daily Forex) The first thing that a novice trader finds unusual when initially using the MetaTrader 4 platform is calculating pip values and converting them to dollars. In general, we ...