// TRADING TERMINOLOGY
What is Pipette?
A fractional pip, equal to one-tenth of a pip.
In-Depth Explanation
Most modern brokers provide 5-digit pricing (3-digit for JPY), where the final digit is the pipette. This allows for tighter spreads and more precise execution.
Practical Example
"The EUR/USD price is 1.08005. The "5" at the end is the pipette."
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