Cryptocurrency Q&A
How much is 1 mini lot per pip?
How much is 1 mini lot per pip?
DigitalBaron
Wed Dec 25 2024
|
5 answers
815
I'm trying to figure out the value of one mini lot per pip in the forex market. I need to understand this to better manage my trades and risks.
5 answers
HanRiverVisionaryWaveWatcher
Fri Dec 27 2024
It is equivalent to one-tenth of a standard lot, which typically consists of 100,000 units.
Was this helpful?
57
27
Chloe_thompson_artist
Fri Dec 27 2024
Therefore, a mini lot comprises 10,000 units of currency.
Was this helpful?
99
55
CryptoWizard
Fri Dec 27 2024
When trading a currency pair with a base currency in U.S. dollars using a mini lot, one pip movement is equivalent to $1.01.
Was this helpful?
141
63
mia_harrison_painter
Fri Dec 27 2024
A mini lot represents a specific trading lot size in currency trading.
Was this helpful?
122
97
Bianca
Fri Dec 27 2024
In contrast, with a standard lot, the same one pip movement would be equivalent to $10.01.
Was this helpful?
396
25
