Pips are the most talked about thing in FOREX. ‘PIP’ stands for Price Interest Point or Percentage In Point and is typically the fourth number after the decimal point, unless you are dealing with the JPY, in which case it is the second decimal point. Pips dictate, along with the trade quantity, how much money you are making or losing in the market. Most every transaction measures its success or downfall in terms of pips as well. Pips are paramount in the FOREX market and Apiary Fund reviews their importance because of that throughout their education.