Cryptocurrency Q&A
What is the profit on 0.01 lot size?
What is the profit on 0.01 lot size?
CryptoPioneer
Sun Dec 15 2024
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5 answers
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I'm trading stocks or forex and want to know how much profit I can make on a trade with a lot size of 0.01. What would be the potential profit on this small lot size?
5 answers
SejongWisdom
Tue Dec 17 2024
A micro lot size signifies that for every pip movement in the trade, a profit or loss of $0.10 is incurred.
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henry_taylor_architect
Tue Dec 17 2024
When a trade is executed with a lot size of 0.01, achieving a profit of $1 requires a 10 pip movement in favor of the trader.
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Martina
Tue Dec 17 2024
Similarly, a 100 pip movement in the trade's favor will result in a profit of $11.
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CryptoVisionary
Tue Dec 17 2024
Conversely, if the trade moves against the trader, the same pip movements will result in losses of $0.10, $1, or $10, respectively.
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SejongWisdomKeeperElite
Tue Dec 17 2024
In forex trading, 0.01 represents a lot size known as a micro lot.
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