PointValue = PipValue / TickSize

If 1 pip (or Tick in the FSM) is 0.0001, and that's worth $10, then the value of 1 point is: 10 / 0.0001 = 100000 ($100,000)

Ignoring leverage and commissions, here's how a trade works: * Buy 1 lot of EUR/USD at 1.3200. This costs €100,000 * 1.3200 = $132,000 * Sell the lot at 1.3300. The lot is now worth €100,000 * 1.3300 = $133,000 * Profit on this trade = $1,000 * In terms of the base currency (EUR) profit is found by dividing the forex profit by the exchange rate at the close of the trade, i.g., 1,000 USD/ 1.3300 = 751.88 EUR

Again, ignoring leverage and commissions: * Buy 1 lot of USD/CAD at 1.0400. This costs $100,000 * 1.0400 = 104,000 CAD * Sell the lot at 1.0300. The lot is now worth $100,000 * 1.0300 = 103,000 CAD * Profit (loss) on this trade = (1,000 CAD) * In terms of the base currency (USD) profit is found by dividing the forex profit by the exchange rate at the close of the trade, i.g., 1,000 CAD / 1.0300 = 970.87 USD