Introduction to Forex - Profit and Loss

Profit and Loss (P&L) for every position is calculated in real-time on most trading platforms. This enables traders to track their P&L tick by tick as the market fluctuates.
Approximate USD values for a one (1) "pip" move per contract in our traded currency pairs are as follows, per 100,000 units of the base currency:
EURUSD
1 pip = 0.0001
1 pip move per 100k (lot) = EUR 100'000 x .0001 = USD 10.00
USDJPY
1 pip = 0.01
1 pip move per 100k (lot) = USD 100'000 x .01 = JPY 1'000 /spot = approx USD 9.7
USDCHF
1 pip = 0.0001
1 pip move per 100k (lot ) = USD 100'000 x .0001 = CHF 10.00 /spot = approx USD 8.5
GBPUSD
1 pip = 0.0001
1 pip move per 100k (lot ) = GBP 100'000 x .0001 = USD 10.00
EURJPY
1 pip = 0.01
1 pip move per 100k (lot ) = EUR 100'000 x .01 = JPY 1'000 /spot = approx USD 9.7
EURCHF
1 pip = 0.0001
1 pip move per 100k (lot ) = EUR 100'000 x .0001 = CHF 10.00 /spot = approx USD 8.5
EURGBP
1 pip = 0.0001
1 pip move per 100k (lot ) = EUR 100'000 x .0001 = GBP 10.00 /spot = approx USD 19.00
USDCAD
1 pip = 0.0001
1 pip move per 100k (lot ) = USD 100'000 x .0001= CAD 10.00 /spot = approx USD 8.00
AUDUSD
1 pip = 0.0001
1 pip move per 100k (lot ) = AUD 100'000 x .0001 = USD 10.00

On a typical day, liquid currency pairs like EUR/USD and USD/JPY can fluctuate a full point (.0100, 100 pips). On a EUR 1'000'000 position a full point on EUR/USD equates to 10'000 USD.