I have been reading the following URL and did not understand its relations to point value and tick size.
A lot size of one equals a base currency unit of one and DOES NOT equal a typical "standard" lot size of 100,000. Therefore, if you want to trade a standard lot you would use an order quantity of 100,000.
1) AUDUSD
Current point value = 100,000
Tick Size = 0.00001
Order quantity =
2) AUDJPY
Current point value = 1000
Tick Size = 0.001
Order quantity =
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