How many pips are there?

How many pips are there? For standard lots this entails 100,000 units of the base currency and for mini lots, this is 10,000 units. For example, looking at EUR/USD, a one pip movement in a standard contract is equal to $10 (0.0001 x 100 000). How much is 100 pips worth? Therefore, for a position … Continue reading How many pips are there?