Answer:
Currencies
are traded on a pip system. A pip is another word for a point in the
currency trading arena. Traders are trying to capture points. Depending
on the currency, each point is worth a different amount. For example;
the British Pound is worth about $10 per point that is traded per lot.
If you trade 1 lot and capture 40 points, you just made $400. If you
trade 10 lots and capture 40 points, you just made $4,000.00, etc.
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