Cryptocurrency Q&A How much is 1 mini lot per pip?

How much is 1 mini lot per pip?

DigitalBaron 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. How much is 1 mini lot per pip?

5 answers

HanRiverVisionaryWaveWatcher HanRiverVisionaryWaveWatcher Fri Dec 27 2024
It is equivalent to one-tenth of a standard lot, which typically consists of 100,000 units.

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Chloe_thompson_artist Chloe_thompson_artist Fri Dec 27 2024
Therefore, a mini lot comprises 10,000 units of currency.

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CryptoWizard 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.

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mia_harrison_painter mia_harrison_painter Fri Dec 27 2024
A mini lot represents a specific trading lot size in currency trading.

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Bianca Bianca Fri Dec 27 2024
In contrast, with a standard lot, the same one pip movement would be equivalent to $10.01.

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