I�m a conservative person and like to earn $0,1/pip. I will invest $500 using a broker�s MT4 and my exit target will be 20pips profit.

So what is the Volume level I must put (using a MT4 platform) in order to have [B][U]$0,1/pip[/U][/B]? So that if I earn 20pips, I get $2 (20pips x $0,1).

For GBP/USD (and the other non-USD base pairs) a pip is 1/10,000th of a point. Mutiply that through by the trade size and you get the pip value of your position.

100,000 * 1/10000 = $10

Or to find the size for the pip value you want divide the value by 1/10,000: