A minilot is 1/10 the size of a standard lot. One minilot would be 10,000 units of the quote currency ($10,000 for xxxUSD pairs).
For minilots of xxxUSD pairs, a one pip move is worth $1.
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Articles in Forex Traders Glossary
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There are 97 articles in Forex Traders Glossary.
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G (cont.)
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R (cont.)
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