What is the difference between a PIP and a Point in forex?

Beginner Questions
1

What is the difference between a Pip and a Point in forex and how much is the Value of a single Pip and how much is the Value of a Point in USD ?

2

Points, ticks and pips are all ways of describing price movements. In the Forex market, the term “pip” is used, which represents an incremental movement in the fourth decimal place (or second decimal place when the JPY is involved). Points and ticks are used more in futures markets, so that a tick represents the smallest price movement on the right side of the decimal point, while a point represents the smallest price movement on the left side of the decimal point. The points are composed of ticks. The value of the tick and the number of ticks at one point vary depending on the futures contract traded.
In the stock market, points represent the full dollar amount for which a given stock or stock index increases or decreases. In the case of an individual value, a single point is always equivalent to a US dollar. For example, if a stock falls from $ 53 to $ 48, the change will be expressed in a five-point drop (as opposed to a five-dollar drop).
Pips (percentage points) are unique in the currency exchange market (Forex) and measure fractional price changes for currency pairs. In Forex, most currency pairs are valued at ten thousand decimal places (four digits behind the decimal point). Similar to tick, a pip represents the smallest increase, in base points, by which a currency pair can increase or decrease its price. As pips refer to a currency pair instead of an individual stock, its value reflects the relationship or “spread” between the two currencies in question.
Before carrying out an operation, make sure you understand the meaning and value of the points, fluctuation values ​​or pips relative to the market and the operations in question. Armed with this knowledge, you will be prepared to interpret the financial implications of market movements and weigh risks, rewards, benefits and losses with great precision.

3

Thank you, your explanation is very clear and easy to understand. You have been so helpful.