This may be posted elsewhere and I’m guessing I’m not the only one who caught this (assuming I’m right), but there is an error in pip value calculation of the following page (at least I think there is an error):

… I can’t post the weblink, but it’s under Undergraduate - Sophomore Year - USA …

“Profit and loss are denominated in XXX. For one standard lot position size, each pip movement is worth 10 XXX. For one mini lot position size, each pip movement is worth 1 XXX. For example, if one pip is equal to 0.0001 and the current exchange rate of USD/XXX is 1.4000, one pip of one standard lot would equate to 14 USD.”

Shouldn’t the pip value be 7.14 USD? Or, am I confused?