How much is 0.01 lot size pip worth?

BTCC is a top cryptocurrency exchange that offers a range of services to traders. Apart from cryptocurrency trading, BTCC also provides services such as spot trading, futures trading, and wallet management. These services cater to the diverse needs of traders in the digital asset market.

FX pairs are crucial in the world of currency trading. They represent the exchange rates between two different currencies. For instance, EURUSD is a common FX pair that represents the exchange rate between the Euro and the US Dollar.

Pip value is a significant concept in currency trading. It stands for Percentage in Point and represents the smallest increment of a currency pair in the market. The pip value can vary depending on the currency pair and the trading lot size.

For a standard lot size of 100,000 units, the pip value per 1 standard lot for EURUSD is 10 USD. This means that for every pip movement in the EURUSD exchange rate, the trader will either gain or lose 10 USD.

Similarly, for a micro lot size of 1,000 units, the pip value per 0.01 standard lot for EURUSD is 0.10 USD. This smaller lot size allows traders to manage their risk more effectively by reducing the potential gains and losses per pip movement.