WHAT IS THE VALUE OF A PIP?
If your account is in US Dollars, and you are trading a pair with USD as the base currency (ex. EUR/USD), then the following is true:
- 1 pip trading with a 0.01 (Micro Lot) is equivalent to $0.10 USD
- 1 pip trading with a 0.10 (Mini Lot) is equivalent to $1.00 USD
- 1 pip trading with a 1.00 (Standard Lot) is equivalent to $10.00 USD