what is PIP in Forex Trading via FundedFirm. PIP—"Percentage in Pip"—tracks the slightest forex variation, 0.0001 in NOK/USD, 0.01 for JPY pairs like EUR/JPY. Indispensable for funded challengers, it enables precise pip hunts, risk caps, and reward maximization. A 10-PIP win on USD/MXN standard lot? $100. Command PIP dynamics for trend rides and reversals. FundedFirm supplies PIP analytics, virtual phases, and capital boosts—strategize superiorly, validate skills, and unlock pro-level trading freedom.