Definition of Pipette
One-tenth of a pip, or the fifth decimal place in most currency pairs (0.00001). Many brokers now quote prices in pipettes for greater pricing precision.
At a glance
Example
Example: if EUR/USD moves 20 pips and each pip is worth $2 at your size, a 20-pip move is about $40. Always connect “Pipette” to a cash number before you click.
Common mistake
Common mistake: treating “Pipette” as theory without converting it into cash loss at the stop.
Professional tip
Tip: compute “Pipette” with ForexTradeLab’s lot or pip calculator before any live order, and screenshot the first ten calculations.