Let’s say my lot size is .05 and I have .40…is that 40 pips?
Can you give a little bit more details on your example?
I have understood lot size, 0.05 which is 5 micro lots.
What is .40?
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Pip is a movement of price,
I know that .05 is 50 cents but when ur position is .40 do you times that by 50 cents ? Is 1.00 1 pip or 100 pips?
0.4 lots is $4 per pip