A microlot is 1/100 the size of a standard lot. One microlot would be 1000 units of the quote currency ($1000 for xxxUSD pairs).
For microlots of xxxUSD pairs, a one pip move is worth $0.10 (10 cents).
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Articles in Forex Traders Glossary
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There are 111 articles in Forex Traders Glossary.
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Q (cont.)
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