What is difference between a pip and a point?

Trading Discussion
1

I would like to know what is difference between a pip and a point?

2

One pip is one-ten thousandth of a currency unit. Or .0001 unit on most pairs, and .01 unit on Yen crosses.

One point is one-tenth of a pip, or .00001 unit.

3

Hello Betty333, can I ask why you wanted to know?

Percentage in point - Wikipedia, the free encyclopedia

4

Points Definition | Investopedia

5

Well Points are 5 Decimal like 0.00001 and Pips are 4 decimal 0.0001
EUR/USD 1 Standard lot 1 pip equals to $10 whereas 1 point would be $1