For EURUSD: 1 standard lot = $10 per pip. A 20-pip stop on a 0.5 lot position risks $100.
EUR/USD is the most traded currency pair globally (~24% of daily forex volume, BIS 2023). Average daily range: 50-100 pips. Best traded during London-New York overlap (13:00-17:00 UTC). ECB and Federal Reserve interest rate decisions are the primary drivers. A 1% move equals ~100 pips. Pip value: $10/pip/standard lot. Contract size: 100,000 units.
Source: BIS Triennial Survey 2023, broker specifications, market analysis.
EURUSD: 1 lot = $10.0 per 0.0001
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