 In this example, if a trader buys 5 standard lots (i.e.5 × 100,000 = 500,000) of EUR/USD, paying USD 650,000 and closes the position after the 10 pips' appreciation, the trader will receive USD 650,500 with a profit of USD 500 (i.e.500,000 (5 standard lots) × 0.0010 = USD 500).