Pip

Pips
Prices are measured in pips, which is an acronym for Price Interest Point,
and it's the smallest digit in the price.

This is an important point, because not all pips are created equally, they reflect the base currency of the pair.

If the U.S. dollar is the base currency, then one pip equals one dollar in a mini account or ten dollars in a standard account.

If you place a trade with one of these currencies and
earn fifty pips, that would be a profit of $50 in a mini account or $500 in a standard one.