Cryptocurrency Q&A
What is .01 lot size?
What is .01 lot size?
BlockchainMastermind
Mon Mar 10 2025
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I'm trying to understand trading and came across the term '.01 lot size'. Could someone explain what this means in the context of trading, especially in forex or stock trading?
7 answers
KimonoElegance
Wed Mar 12 2025
Specifically, for every 1 pip change in price, your account will experience a $0.10 shift.
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BlockchainBrawler
Wed Mar 12 2025
A micro lot, which is equivalent to a 0.01 lot size, signifies a contract involving 1,000 units of the base currency.
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CryptoWanderer
Wed Mar 12 2025
In the context of forex trading, a pip represents the smallest increment by which a currency pair's exchange rate can change.
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Lucia
Wed Mar 12 2025
When trading with a micro lot, each pip movement directly impacts your potential profit or loss.
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Isabella
Tue Mar 11 2025
This calculation is derived by multiplying the pip value by the lot size and then by the exchange rate per pip, which is typically $11.
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