Cryptocurrency Q&A
How much profit is 1 pip on 1 lot?
How much profit is 1 pip on 1 lot?
Martino
Tue Dec 17 2024
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6
answers
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I'm trying to figure out the profit I would make on a single pip movement when trading 1 lot. I want to understand how much money I can potentially gain or lose with such a trade.
6 answers
JejuSunshineSoulMateWarmth
Thu Dec 19 2024
A standard lot in the financial markets represents a significant trading size.
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Caterina
Thu Dec 19 2024
Specifically, it is equivalent to 100,000 units of the base currency being traded.
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DiamondStorm
Thu Dec 19 2024
This substantial size allows for potentially large profits but also carries significant risks.
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SakuraTide
Thu Dec 19 2024
In terms of pip movement, a standard lot equates to $10 per pip.
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ShintoSanctuary
Wed Dec 18 2024
For traders looking for a smaller commitment, a mini lot is an alternative option.
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