I'm new to Forex Trading and have just opened a practice account. I'm trading 1 Unit and am in the US so I'm using 1:50 leverage. Every Pip calculator I use and every trade I've watched has shown that when trading EUR/USD or GBP/USD that 1 pip = $10.00 yet when I'm trading I'm getting 1 pip = $1.00. What am I missing? What am I doing differently?
you're right smarta$$. thanks. I was calculating it wrong.
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