One of the team has shared this video where she explains what a pip is and what a micro lot.
This is insightful and useful video. In the video a pip calculator is mentioned – this is not available in MT4 but you can play with a pip calculator at:
http://www.investing.com/
If you have not joined iMarket Live yet you can find out more about how 2 minutes a day can be turned into a full time income.