Is it the 5th or 4th decimal? I understand it’s the lowest value, but but when there are brokers offering 4- and 5-decimal brokers, it’s confusing.
Any help? :o
Hi,
Depending on the pair, they used to have either 2 or 4 digits after the decimal. The last digit is the pip.
Now you may see 3 or 5 digits after the decimal. The last digit is now called a pipette…lol, but the pip is still the 2nd or 4th digit/decimal.
It is the 4th decimal place (2nd for JPY pairs, etc.). The next decimal place is considered a pippette.
Haha, thank you very much guys, the name made me chuckle.
Ok, let’s see if I got it…
For example, what if the EUR/USD pair is being currently negotiated at 1,42473.
The 5th digit, which is “3” is the pippette, correct ?
Then, the 4th digit, which is “7” would be the pip, correct ?
So, in order to make 20 pips in a long position, I would have to buy it at 1,42473 and sell it for 1,42673 and NOT 1,42493, right ? 
That’s correct haha 
It stumped me for a while, how people were suggesting making 120 pips, and it really being that big of a deal.
Here’s an example of the JPY pip and pipettes, correct me if I’m wrong, but there’s 15.3 pips, or 153 pipettes.
And here’s the rest of the timeframes I’m using for the trade if you have any comments.
