What the Pip means

Pip is the unit of measurement for exchange rate movement. Number of pips a currency pair moves determines how much trader will earn or lose on the position

Pip is the last significant digit in an exchange rate and the term used to define unit of measurement for exchange rate movements. The number of pips that exchange rate moves dictates how much trader has gained or lost through an Forex trade.

In the example on Forex learn basic before :
If the rate moves from 1.8675 to 1.8775 it means the pair has risen by 100 point or pips