Definition of a "lot"
Some brokers show quantity in lots while others show the actual currency unit
The change in a currency value relative to another is measure in terms of ““, which is a very very small percentage of a unit of currency’s value. To utilize this minute change in value, the trader will need to trade large amounts of currency to see significant change in profit or loss.
|Trading Volume||Currency Price||Change in Pip||Profit/Loss in Currency|
(change of 1pip)
|Currency Pair||Currency Closing Price||PIP Value Per|
|1 Unit||Standard Lot||Mini Lot||Micro Lot||Nano Lot|
|USD/JPY||1USD = 80JPY||$0.000125||$12.5||$1.25||$0.125||$0.0125|
What is leverage in trading
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