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Quiz 6 - Calculating Risks the SMART Way

Current pip value for your position is $10 (USD/Pip). How does Pip Value change if you increase your lot size from 1 Lot to 10 Lots?

A) It increases to $50 (USD/Pip)

B) It decreases to $1 (USD/Pip)

C) It increases to $100 (USD/Pip)

D) Trick question! Pip Value doesn't change

What is the formula for calcul