What is pip?

PIP

Pip se murad percentage in point oya price interest point jo kisi currency jore ki sab se choti bharti howi qeemat (price) hoti hai. Forex market me qeematon ko chaar (4) hindson me deya jata hai, jis me chotey (4rth) digit aik hazar point ka 0.0001 ya 0.01 cent k barabar hota hai. Misal k tawar par, agar GBP/USD ki qeemat 1.3615 (1.3615 + 0.0001) de gaye ho, to sab se choti (smallest) harkat jo oper (upside) pe hogi wo 1.3616 aur nechay ki janeb (downward) 1.3614 (1.3614 - 0.0001) ho sakti hai, to jo 0.0001 point ki harkat jis taraf bhi ho wo 1pip k barabar hai.
Mandarjabala qayeday (rule) se sirf wo currency jore mustasna hen, jis jore me Japanese Yen (JPY) shamil ho. Japanese quoted currencies joron me sirf akheri (last) last do (two) digits ko pips me shamil kia jata hai, jo k us ka sawan (0.01) hisa banta hai, q k Yen (JPY) ki unit qeemat dosri bare currencies k muqabele me kam hai. Misal k tawar par, agar USD/JPY ki qeemat 110.50 de gaye ho, to sab se kam (smallest) harkat jo ye oper (upside) pe karega wo 110.51 ( 110.50 + 0.01) aur nechay ki janeb 110.49 (110.50 - 0.01) karega, to ye 0.01 ki harkat chahay jis taraf bhi ho wo 1 pip hoga. Pip kisi deye gaye currency qeemat me akhari mukamal number hota hai.
Ye kuch currency joron ki misalen hen, jis me pips ko bold kia howa hai:

AUD/USD: 0.7318
EUR/USD: 1.1618
USD/JPY: 110.37
USD/CAD: 1.2586

Forex trading market me nafa aur nuqsan (profit and loss) ko pip me measure kia jata hai, is waja se pip ka samajhna bohut zarori hai. Pip ki value forex trading currency k value (qeemat) k mutabiq badalti rehti hai.
Forex trading me koi aik currency nahi hai k jis k mutabiq baqi currencies ki value bhi measure kia jaye, q k yahan par aik currency ki value ko dosri currency k value k mutabiq measure ki jati hai, is waja se ye measurement pips me ki jati hai. Agar che American dollar sab se ziada trade hone wali currency hai aur bohut ziada dosri currencies k sath trading me shamil hoti hai lekin pher bhi har aik trade me USD shamil nahi hota. Pip value ki measurment k leye us ki value me ki sakti hai. Pips ki vaue American dollar ki bajaye quote currency k akhari digits me ki jati hai. Misal k tawar par, EUR/JPY me pip value ko Yen (JPY) me shumar (calculated) ki jaye gi, EUR/GBP me pip value Great British Pound (GBP) me shumar ki jayegi aur AUD/NZD currency jore me pip value New Zealand dollar (NZD) me shumar ki jayegi.