What is the profit or loss for a 1 pip fluctuation in price?

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A – (Pip in decimal places* Trade Size) ÷ Market Price if your account currency is different from the quote currency of the pair you are trading. e.g. 1 pip value for 1 lot of EURUSD = 0.0001 (pip in decimal places) * 100,000 (volume 1 lot) = 10 USD so each pip is worth 10 USD