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Trevman · 19-07-2007, 17:36

it fluctuates, because the markets do. the only time 1pip will equal £1 forever is if you trade XXX/GBP, anything else will change.

if you trade EUR/USD your pounds in account must first be converted to dollars and then traded against the euros.

http://uk.finance.yahoo.com/currency...submit=Convert

USD/GBP currently is 0.4881. thus trading 10k EUR/USD will be 1pip = 0.49p OR 100k will be 1pip = £4.88

19-07-2007, 17:36	#4
Trevman level 3 Join Date: Jan 2005 Posts: 290 Downloads: 6 Uploads: 0 Rep Power: 0	Re: What Lot size is equal to £1 it fluctuates, because the markets do. the only time 1pip will equal £1 forever is if you trade XXX/GBP, anything else will change. if you trade EUR/USD your pounds in account must first be converted to dollars and then traded against the euros. http://uk.finance.yahoo.com/currency...submit=Convert USD/GBP currently is 0.4881. thus trading 10k EUR/USD will be 1pip = 0.49p OR 100k will be 1pip = £4.88 __________________ show me the money!!