ilmscore | Prediction Details
"the name of the first size that is very common is a standard lot so we're gonna label this s L that stands for a standard lot now if you're trading a standard lot that means you're trading 100,000 units of currency so if we're trading 100,000 units of currency on any pair that ends in USD then this is the exact value per pip if you have one standard lot that you're trading or if you're trading every hundred thousand units you're trading you are trading at a value of ten dollars per pip"
By The Trading Channel (The Trading Channel) | April 2, 2020 | Pending
From video
Forex: How To Calculate The Value Of A Pip (Beginners Must Learn This First) 00:04:11 - 00:04:51
Interpreted Prediction
A standard lot in Forex trading consists of 100,000 units of currency, and for pairs ending in USD, each pip is worth $10.

Prediction Details

Topic
Forex Trading Lot Sizes

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