My trader friend was teaching me about trading the eur/usd, He said something about how at the current moment, for the eur/usd, each pip is worth ~$12.5 and that each "share" of what he trades is about ~$2600.
Now, everything else I've been reading has been talking about lot size being 10,000 EU or 100,000 EU, so I am confused how this works. Is he trading on margin, if so what ratio? Is he buying a lot, mini lot, etc.?
If anyone could help explain this for me, I would greatly appreciate it.
Now, everything else I've been reading has been talking about lot size being 10,000 EU or 100,000 EU, so I am confused how this works. Is he trading on margin, if so what ratio? Is he buying a lot, mini lot, etc.?
If anyone could help explain this for me, I would greatly appreciate it.