Teach me about the PIP

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Tyler19
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Teach me about the PIP

Postby Tyler19 » Sun Jun 03, 2007 11:59 pm

I bought one lot of 10k GBP/USD through EFX simulator.

it looks like its moving by 1$ "ticks" is this right?

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 04, 2007 1:34 am

Yes, a 10K minilot means each pip is a $1 move.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby brwkem » Sun Jan 20, 2008 9:22 pm

With a 10K minilot in USD/JPY how much is each pip move?

thx.

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Postby brwkem » Sun Jan 20, 2008 10:23 pm

One mini lot is 10k so does that mean that if you buy one minilot then you wouldnt be using any margin? Assuming your account had 10k in it.

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