I’ve been trying to wrap my head around the concept of pip values in the EUR/USD pair. I understand that a pip is typically the smallest price move that an exchange rate can make based on market convention, but I’m a bit confused about how exactly the pip value is calculated for EUR/USD trades. Could someone explain how to determine the pip value for different lot sizes? Also, does the pip value change if my trading account is in a different currency, like GBP? Any clarification on this would be really helpful! Thanks!