{"id":38009,"date":"2026-09-08T07:17:58","date_gmt":"2026-09-08T07:17:58","guid":{"rendered":"https:\/\/www.wisuno.com\/uk\/?page_id=38009"},"modified":"2026-09-08T07:26:10","modified_gmt":"2026-09-08T07:26:10","slug":"costs-and-position-size","status":"publish","type":"page","link":"https:\/\/www.wisuno.com\/uk\/learn\/costs-and-position-size\/","title":{"rendered":"Costs, pricing and position size"},"content":{"rendered":"\n<div id=\"wsa\">\n<div class=\"riskstrip\">Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources.<\/div>\n<nav class=\"subnav\" aria-label=\"Academy sections\"><div class=\"subnav-in\"><div class=\"brand\">Wisuno <span>Academy<\/span><\/div><a href=\"\/uk\/learn\/\">Learn<\/a><a class=\"is-active\" href=\"\/uk\/learn\/courses\/\">Courses<\/a><span class=\"soon\">Intermediate<\/span><span class=\"soon\">Advanced<\/span><a href=\"\/uk\/academy\/editorial-standards\/\">Editorial standards<\/a><\/div><\/nav>\n<header class=\"hero\"><div class=\"wrap\"><div class=\"hero-in\">\n<p class=\"eyebrow\">Course 2 of 5 \u00b7 Beginner \u00b7 19 min<\/p>\n<h1>Costs, pricing and position size<\/h1>\n<p>How to read a quote, what one pip is worth at your size, and how leverage changes the amount of your balance that is on the line.<\/p>\n<div class=\"cta-row\"><a class=\"btn\" href=\"\/uk\/academy\/how-to-read-a-forex-quote\/\">Start course<\/a>\n<a class=\"btn btn--ghost\" href=\"\/uk\/learn\/courses\/\">All courses<\/a><\/div>\n<\/div><\/div><\/header>\n\n<section class=\"band\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Course overview<\/h2><\/div>\n<div class=\"ov\">\n<div class=\"ov-desc\"><p class=\"ov-label\">Description<\/p><p>Most new accounts are not lost to bad calls. They are lost to positions that were larger than the trader realised, because nobody worked out what a normal move was worth before opening.<\/p><p>This course fixes that in order: read the quote, understand what a pip is, convert it into money at your position size, then see what leverage does and does not change.<\/p><p>It ends on the mechanics of a margin call and a stop-out, worked through to the pip on an ordinary day&#8217;s range.<\/p><\/div>\n<div class=\"ov-meta\">\n<div><p class=\"ov-label\">Time<\/p><div class=\"ov-val\">19 min<\/div><\/div>\n<div><p class=\"ov-label\">Level<\/p><div class=\"ov-val\"><span class=\"lvl lvl--1\"><i><\/i><i><\/i><i><\/i><\/span> Beginner<\/div><\/div>\n<div><p class=\"ov-label\">What is in it<\/p><ul class=\"benefits\">\n<li>Short lessons, one idea each<\/li>\n<li>Worked examples with real instruments and real costs<\/li>\n<li>Every figure shown as a cost, never as a projected gain<\/li>\n<li>A quiz at the end to check what stuck<\/li>\n<li>Free, with no account required<\/li>\n<\/ul><\/div>\n<\/div><\/div><\/div><\/section>\n\n<section class=\"band band--soft\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Lessons<\/h2><\/div>\n<div class=\"lessons\"><a class=\"lrow\" href=\"\/uk\/academy\/how-to-read-a-forex-quote\/\"><span class=\"lrow-n\">1<\/span><span class=\"lrow-t\">How to Read a Forex Quote: Base, Quote and Spread<\/span><span class=\"lrow-m\">5 min<\/span><\/a><a class=\"lrow\" href=\"\/uk\/academy\/pips-lots-and-contract-size\/\"><span class=\"lrow-n\">2<\/span><span class=\"lrow-t\">Pips, Lots and Contract Size Explained<\/span><span class=\"lrow-m\">5 min<\/span><\/a><a class=\"lrow\" href=\"\/uk\/academy\/leverage-and-margin-explained\/\"><span class=\"lrow-n\">3<\/span><span class=\"lrow-t\">Leverage and Margin Explained<\/span><span class=\"lrow-m\">9 min<\/span><\/a><div class=\"lrow lrow--quiz\"><span class=\"lrow-n\">?<\/span><span class=\"lrow-t\">Quiz<\/span><span class=\"lrow-m\">3 questions<\/span><\/div><\/div>\n<\/div><\/section>\n\n<section class=\"band\"><div class=\"wrap narrow example\">\n<div class=\"sec-head\"><h2>Example lesson: what a 10-pip move actually costs<\/h2><\/div>\n<p>A pip is a distance, not an amount. What it is worth to you comes entirely from the size of the position, and that is the number you control.<\/p><p>On a dollar-quoted pair the arithmetic is fixed and worth memorising, because it is the same on every trade you will place.<\/p>\n<p class=\"pull\">The market decides how many pips it moves. You decide what each pip is worth.<\/p>\n<div class=\"figure\"><table><caption>Illustrative. On pairs not quoted in dollars the value moves with the exchange rate \u2014 check the figure your platform shows.<\/caption><thead><tr><th>One pip on a dollar-quoted pair<\/th><th><\/th><\/tr><\/thead><tbody><tr><td>1.00 lot (100,000 units)<\/td><td>about $10<\/td><\/tr><tr><td>0.10 lots (10,000 units)<\/td><td>about $1<\/td><\/tr><tr><td>0.01 lots (1,000 units)<\/td><td>about $0.10<\/td><\/tr><\/tbody><\/table><\/div>\n<\/div><\/section>\n\n<section class=\"band band--tint\"><div class=\"wrap narrow\">\n<div class=\"sec-head\"><h2>Check your understanding<\/h2><p>3 questions. Nothing is recorded and nothing is sent anywhere \u2014 the answers are checked in your browser.<\/p><\/div>\n<ol class=\"quiz\" id=\"q2\"><li class=\"qq\" data-a=\"1\"><p class=\"qt\">A trade opens showing a small loss before the market has moved. Why?<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q2_0\" value=\"0\"> A platform error<\/label><label><input type=\"radio\" name=\"q2_0\" value=\"1\"> You paid the spread on entry<\/label><label><input type=\"radio\" name=\"q2_0\" value=\"2\"> Overnight financing was charged early<\/label><label><input type=\"radio\" name=\"q2_0\" value=\"3\"> The position was mis-sized<\/label><\/div><p class=\"qf\" hidden>You buy at the ask and the position is immediately valued at the bid. The gap between them is the spread.<\/p><\/li><li class=\"qq\" data-a=\"1\"><p class=\"qt\">Does moving from 1:100 to 1:500 leverage change what one pip is worth?<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q2_1\" value=\"0\"> Yes, it multiplies pip value by five<\/label><label><input type=\"radio\" name=\"q2_1\" value=\"1\"> No \u2014 pip value comes from position size<\/label><label><input type=\"radio\" name=\"q2_1\" value=\"2\"> Only on yen pairs<\/label><label><input type=\"radio\" name=\"q2_1\" value=\"3\"> Only above 1.00 lots<\/label><\/div><p class=\"qf\" hidden>Leverage changes how much margin is held, and therefore the maximum size you can open. Pip value comes from contract size and lots.<\/p><\/li><li class=\"qq\" data-a=\"1\"><p class=\"qt\">What does a margin call do?<\/p><div class=\"qo\"><label><input type=\"radio\" name=\"q2_2\" value=\"0\"> Closes your largest losing position<\/label><label><input type=\"radio\" name=\"q2_2\" value=\"1\"> Warns you and blocks new positions<\/label><label><input type=\"radio\" name=\"q2_2\" value=\"2\"> Adds funds automatically<\/label><label><input type=\"radio\" name=\"q2_2\" value=\"3\"> Nothing until the weekend<\/label><\/div><p class=\"qf\" hidden>The margin call is a warning and a restriction. The stop-out is the one that closes positions, and it is not optional.<\/p><\/li><\/ol>\n<div class=\"cta-row\" style=\"margin-top:26px\"><button class=\"btn\" type=\"button\" data-quiz=\"q2\">Check answers<\/button><\/div>\n<p class=\"qscore\" id=\"q2_s\" hidden><\/p>\n<\/div><\/section>\n\n<section class=\"band band--ink\"><div class=\"wrap\">\n<div class=\"sec-head\"><h2>Practise it before it costs anything<\/h2>\n<p>A demo account runs the same platform on the same live prices, with nothing at stake.<\/p><\/div>\n<div class=\"cta-row\"><a class=\"btn\" href=\"\/uk\/demo-trading-account\/\">Open a demo account<\/a><\/div>\n<\/div><\/section>\n<footer class=\"wrap\"><div class=\"disclosure\"><ul class=\"licences\"><li>CMA \u00b7 United Arab Emirates<\/li><li>FSC \u00b7 Mauritius<\/li><li>CySEC \u00b7 Cyprus<\/li><li>FSA \u00b7 Seychelles<\/li><\/ul><p><strong>Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors.<\/strong> Past performance is not indicative of future results. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources.<\/p><p>The Wisuno Academy is educational. Nothing in it is investment advice, a recommendation, or an opinion on whether trading suits you. Written and reviewed by the Wisuno research desk \u2014 <a href=\"\/uk\/academy\/editorial-standards\/\">editorial standards<\/a>.<\/p><\/div><\/footer>\n<\/div>\n<script>\ndocument.addEventListener('click',function(e){\n var b=e.target.closest('[data-quiz]'); if(!b) return;\n var box=document.getElementById(b.getAttribute('data-quiz')); if(!box) return;\n var qs=box.querySelectorAll('.qq'), right=0;\n qs.forEach(function(q){\n  var sel=q.querySelector('input:checked');\n  var ok=sel&&sel.value===q.getAttribute('data-a');\n  q.classList.remove('is-right','is-wrong');\n  q.classList.add(ok?'is-right':'is-wrong');\n  q.querySelector('.qf').hidden=false;\n  if(ok)right++;\n });\n var s=document.getElementById(b.getAttribute('data-quiz')+'_s');\n if(s){s.hidden=false;s.textContent=right+' of '+qs.length+' correct.';}\n},false);\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Trading CFDs and forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is appropriate for you in light of your circumstances, knowledge and financial resources. Wisuno Academy LearnCoursesIntermediateAdvancedEditorial standards Course 2 of 5 \u00b7 Beginner \u00b7 19 min Costs, pricing and position size How to [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":37999,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-38009","page","type-page","status-publish","hentry"],"lang":"en","translations":{"en":38009},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/comments?post=38009"}],"version-history":[{"count":1,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38009\/revisions"}],"predecessor-version":[{"id":38010,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/38009\/revisions\/38010"}],"up":[{"embeddable":true,"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/pages\/37999"}],"wp:attachment":[{"href":"https:\/\/www.wisuno.com\/uk\/wp-json\/wp\/v2\/media?parent=38009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}