• Pip Value = 1 pip * Exchange rate (secondary currency/ account currency) * lot volume
What are margin and pip and how do they work?
• Margin - This the required capital, or balance, that is needed to maintain your open position.
• Pip value - This determines the value of 1 pip, which helps to calculate how much money a trader will earn, or lose, if the price of a trade were to move by a pip. The pip value is calculated in quote currency with the formula, Lots x Contract size x Pip Size.
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Forex and CFDs ("Contracts for Differences") are complex instruments and involve significant risk due to leverage. It can result in the loss of your invested capital. In addition, you may be required to make further payments to keep the trades open. Therefore, these products may not be suitable for everyone. Please ensure you fully acknowledge how CFDs work and the high risks of CFDs before trading.