 Hello, hello, hello everyone, and welcome to training presented by RISC-TV. Hopefully you guys are enjoying all the training that we are giving here on RISC-TV on Forex, and hopefully you guys can join the team and start making pips with us. So furthermore, let's talk about Forex Pip. You all probably heard of the term pips, points, pipettes, and lots thrown around. And now we're going to explain what they are and show you how their values are calculated. So pips are important to a forest trader in order to have success. So before you start trading with the Forex market, they're comfortable with the pips values and calculated profit and loss. You need a measurement to express the change in value between two currency is called a pip. So as you can see here, we have the UR-USD and the USD-JPY, which are two pairs. We have two pairs, and it's UR and USD-JPY. So if the UR-USD moves from 1.1150 to 1151, that is a .001 USD rise in value is one pip. As you can see right here, if UR-USD goes up, then this pip right here will go up. As you can see right there, so that'll be one pip. So pip is usually the last decimal place of a price quote. Most pairs go to four decimal places, but there are some exceptions like the Japanese Jampere. They go to two decimal places, as you can see right here. So for example, for the UR-USD, it is 0.001 and for the USD-JPY, it is 0.01. So fractional pips, there are points or pips. So these points are prepared, which are fractional pips equal to a tenth of a pip. So for instance, if the GP-USD moves from 1.30542 to 1.30543, that is a .001 USD move higher and is a one pip. So if you can see right here, if we are training the UR-USD and the pip goes, let's say you're in a cell for the USD, right? And this pip-pip right here is one tenth of a pip, which is the number five. So number five is the pip, and the number four is the pip-pip, which is one tenth of the pip. So if we are in a cell on a UR-USD, then this pip-pip will be going down. So if it moved by 0.001, then this pip-pip will go to three. But if it moves 10 pip-pips, that's one pip. So this five will go into a four. And then the same thing with UR-USD. If we go in for a buy on the UR-USD, and this zero gets moved up by one, that is one pip-pip. But if this four, which is the pip, goes up to five, then that means 10 pip-pips equals one pip. And you can see right here, in this picture right here, the UR-USD. This is how it will look when you're trading with a platform. So as you can see right here, you have the 1.36 to one on one. So the big numbers are the pip. These small numbers right here on the right, those are the pip-pips. And that will be the end of our training today. Hopefully you guys learned a quick study of what is the pip-pips. And we will have more training for everyone here in BCB. Thank you guys and have a beautiful day.