Cryptocurrency Q&A
What is pip lot size?
What is pip lot size?
SejongWisdom
Wed Dec 18 2024
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6 answers
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I'm trading forex and I've come across the term 'pip lot size'. I'm confused about what this means and how it affects my trades. Can someone explain what pip lot size is in simple terms?
6 answers
CryptoPioneer
Fri Dec 20 2024
For traders looking to manage their risk more conservatively, a mini lot is an option.
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CryptoBaron
Fri Dec 20 2024
A mini lot consists of 10,000 units of the base currency.
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CryptoVisionary
Fri Dec 20 2024
The pip movement for a mini lot is significantly less compared to a standard lot, equating to $1 per pip.
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Raffaele
Fri Dec 20 2024
A standard lot in trading represents a substantial size which is equivalent to 100,000 units of the base currency.
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DondaejiDelightfulCharm
Fri Dec 20 2024
This size has a direct impact on the value change per pip movement, translating to $10 for each pip.
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