Pipette
Updated 2026-09-20
Definition
A tenth of a pip: the fifth decimal place (the third for yen) shown by many brokers.
Why it matters
It allows more precise prices and fractional spreads. Be careful not to confuse it with the pip when reading a price or setting a stop: always count from the fourth decimal.
Practical example
The price 1.10005 includes a pipette: it is half a pip above 1.1000.
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Educational content, not financial advice. Trading involves risk.