Question: 1 lot equal to how many pips?
Answer: This is the equivalent of 100 pips. So with a lot size 10,000, each pip movement is $1.00 profit or loss to us (10,000* 0.0001 = $1.00). As it moved upwards by 100 pips we made a profit of $100. For example's sake, if we opened a one lot size for 100,000 units we would have made a profit of $1,000.