What is a PIP?
Pip (or Points) is a term used in
Forex market to indicate the smallest incremental
move an exchange rate can make. Depending on context,
normally one basis point 0.0001 in the case of
EUR/USD, GBD/USD, USD/CHF and .01 in the case
of USD/JPY.
Lot or Contract is the standard
unit of trading on certain exchanges
Forex Contract Size
Standard Lot = $100,000
Mini lot = $10,000
Micro lot = $1,000
*ALL CALCULATED PIP VALUES ARE
EXPRESSED IN U.S. DOLLARS. |
Forex News &