A pip is a unit of measurement used in foreign exchange trading. A pip measures the change in value between two currencies. The most common use of pips is to measure the profit or loss a trader makes on a trade. Most currency pairs are quoted to four decimal places, so a one-pip move is equal to 0.0001 or 1/100th of one percent.


Traders use 60pips as a way to measure their gains and losses on trades, because it’s easier than calculating percentages when there are small moves in the market price. For example, if you buy EURUSD at 1.1050 and sell it at 1.1051, you’ve made one pip worth of profit (0.0001). If you lose money on the trade instead, your loss would be -1 pip (-0.0001).


Pips can also be important for determining how much margin (or collateral) you need to open a position with your brokerages account.. Margin requirements vary by broker but usually start around 2% of the total position value for major currency pairs like EURUSD or USDJPY . So if your brokerage requires 2% margin and you want to buy 10 mini lots (1,000 units) worth of EURUSD , then you’ll need $20 worth of margin in your account


We knew there had to be a better way. So we built it. For more than a decade, 60pips has been one of the least crappiest websites for learning how to trade the forex market. In 2017.


Now we have the School of FxSignal, our free online course, as well as articles on forex news, trading strategies, market analysis, and love triangle gossip between central bankers. Everything you need to get started in trading currencies is right here.


We created 60pips to be a trustworthy resource for forex traders with a simple mission to help you:

We don’t claim to possess supertrader abilities (not yet anyway) or market wizardry. We’re also not here to project pocket hole-burning bolts of “hot tips” at oblivious victims.


You’re not going to hear us make mythological claims of being able to make a quadrillion dollars a month so you can build your dream château on your own private little island that comes with its own active volcano and multiple lava infinity pools.


60pips exists to protect newbie traders from losing all their money in the forex market either from their own poor trading decisions or from the Brotherhood of Evil Marketing Wizards, the Forex’s equivalent of snake oil salesmen who lure the innocent with foolish claims of easy money and holy grails.


We created 60Pips to be a trustworthy resource for currency traders…always keeping in mind the numero uno rule of trading:

The First Rule of Trading: Don’t blow up. Live to trade another day.