Is the pip value determined according to the lot size and whether it is standard or micro(Forex Trading)? ?


pip standard never changes. is, definition, percentage in point, or price interest point. smallest unit price foreign currency. pip last digit decimal point. value 1/100th of cent.

how gain or lose on 1 pip depends on margin or leverage. depends on whether you've set trade in standard, or mini account. in standard account, pip value fixed @ $10/pip. in mini account, pip value fixed @ $1/pip.

available leverage varies between brokers , standards have changed in last year.
trading difficult business ever encounter, , challenging. trading stocks hard enough, forex impossible beginner. if have no experience trading, should trade free on simulator several months while learn.

popular currency pairs trade:

1. eur/usd - euro/u.s. dollar
2. gbp/usd - great british pound/u.s. dollar
3. usd/chf –- u.s. dollar/swiss franc
4. usd/jpy –- u.s. dollar/japanese yen
5. usd/cad –- u.s. dollar/canadian dollar
6. aud/usd - australian dollar/u.s. dollar
7. eur/gbp - euro/great british pound
8. eur/jpy - euro/japanese yen
9. eur/chf - euro/swiss franc
10. gbp/chf - great british pound/swiss franc
11. gbp/jpy - great british pound/japanese yen
12. chf/jpy - swiss franc/japanese yen
13. nzd/usd - new zealand dollar/us dollar
14. eur/cad - euro/canadian dollar
15. aud/cad - australian dollar/canadian dollar
16. aud/jpy - australian dollar/japanese yen
17. eur/aud - euro/australian dollar

note: of above 17 currency pairs, 6 of them deemed “major currency pairs” in forex market because account 80 percent of forex transactions:

1. eur/usd - euro/u.s. dollar
2. gbp/usd - great british pound/u.s. dollar
3. usd/chf –- u.s. dollar/swiss franc
4. usd/jpy –- u.s. dollar/japanese yen
5. usd/cad –- u.s. dollar/canadian dollar
6. aud/usd - australian dollar/u.s. dollar

can see, there currency on left , 1 on right. 1 on left referred base, , 1 listed on right known cross. format, once again, follows. base/cross, or eur/usd. eur base , usd cross.

calculated pip – shows price interest point (pip) or point in percentage value selected currency pair based upon trading account margin. example, standard 1 percent margin trading account controlling $100,000 in currency show eur/usd pip value of 10.

pip value-fixed or floating
fixed- when usd cross currency (right side of pair), pip value fixed @ $10 in 100k account.

foating- when usd base currency (left side of pair), pip value based upon exchange rate of cross currency (i.e., usd/cad.). also, pip value floating when pair consists of foreign currencies (i.e., eur/ gbp).

i'm still beginner in forex , don't know how can determine pip value , think depends on how many lots , size of lot may dealing i'm not sure because may connected leverage rate.
appreciated
lot


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