The type of account you choose to open will help determine the pip value. For example, a standard account or
standard lot is based on $1,000 per lot traded or $10 per pip, if your leverage was 100:1. In other words, you will
need a minimum of $1000 of unused margin in your account per lot traded. On the other hand, if you were to open a
mini account, you would need $100 per lot traded at $1.00 per pip, if you had a leverage of 100:1
So if you want a liquid market with the ability to trade literally 24 hours a day, and you have discipline, the
Forex market can provide you with the opportunity to make money trading online.
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