I'm having trouble understanding how to calculate pip value, among a few other things.
For example, say you have $50K in a standard account and trade 1 lot, EUR/USD--how much margin would be used from trading 1 lot? $1,000? I'm having the most trouble understanding how much margin is used when you trade a certain amount of lots. Also, for this particular pair, would 1 pip equal $10?
For example, say you have $50K in a standard account and trade 1 lot, EUR/USD--how much margin would be used from trading 1 lot? $1,000? I'm having the most trouble understanding how much margin is used when you trade a certain amount of lots. Also, for this particular pair, would 1 pip equal $10?