What Are Pip and Lot Size? Forex Basics for Total Beginners
Pip and lot size explained in plain English. With Gixodia, you do not need to set them yourself — the algorithm handles both.
If you’ve read any forex article, you’ve seen "pip" and "lot size". They’re simple. Bonus: with Gixodia, you don’t set either one yourself.
Pip
A pip is the smallest standard price unit. On most currency pairs, one pip = 0.0001. On gold, ~0.01 dollars. That’s it.
Lot Size
How much currency you trade at once: - Standard lot: 100,000 units - Mini lot: 10,000 units - Micro lot: 1,000 units
A 1-pip move on a standard lot of EUR/USD = $10. Smaller lots = smaller wins/losses.
Why It Matters
If your account is $5,000 and you trade 1 standard lot, a 50-pip loss = $500 = 10% of your account. Reckless. Pros risk 0.3–1% per trade.
How Gixodia Handles It
You never think about lot sizes. Gixodia’s position-sizing engine calculates the perfect lot for every trade based on your account, risk level, market volatility, stop-loss distance, and overall exposure. This is hedge fund-grade math.
You Don’t Need to Learn Forex
No experience required. Our engineer sets everything up during a free 30-minute call.
10-Day Free Trial
No credit card. No deposit.
Risk Disclosure
Trading involves substantial risk. Past performance is not indicative of future results. Gixodia is software, not financial advice. We make no profit guarantees.
Book your free call on the homepage.