Forex uses pips which are 1/10000 for EUR/USD, GBP/USD and the like or 1/1000 for USD/JPY. There are "sub-pips" that are 1/10 of a pip. Pips are decimal, simil

Forex uses pips which are 1/10000 for EUR/USD, GBP/USD and the like or 1/1000 for USD/JPY. There are "sub-pips" that are 1/10 of a pip. Pips are decimal, similar to millimeter that's 1/1000 of a meter. The point doesn't stand, imo.