Trade Forex Trading

Calculating Pip Value for Standard Forex Account Trading Standard Lots

Standard Trade Account Definition - the meaning of a Standard account is an account type where forex traders open trades using Standard lots.

1 Standard lot is the equivalent of 100,000 units of the base currency.

Standard contract/lot is equivalent to one standard fx contract.

For Standard lot the pip size per trade is equal to $10

Calculating Pip Value for Standard Forex Account Standard Lots

One pip marks the smallest move in forex currency pairs for traders.

1 pip move when trading Standard lots is equal to $10 (100,000 currency units * 0.0001 = $10 dollars)

For Example if EURUSD moves from 1.3000 to 1.3001 this is equivalent to one pip - one pip is the 4th decimal point in the forex quote.

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