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all based on position size and the number of pips you make or lose. but it could also be the FX /i v I} answer to bond traders' bips, which refers to bps, with the pip underlined: 1' EUR/USD:1.28535 '' USD/CHF:1.226Z l/USD/JPY:117.25 l' 

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On the Forex market you speculate with a very limited investment but a very large amount of money. Value pips. The EUR / USD is quoted with 4 digits after the comma. For an amount of 10,000 Euros, each pip is worth 1 dollar.