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How Do I Count Pips in MT4 for Mini Account Mini Lots?

How to Calculate Pips for a Mini Account

The tutorial below walks through three examples of how to calculate pips in a mini account, plus how to figure out your trading profits and losses when trading mini lots in forex.

One pip marks the smallest price shift in forex currency pairs.

1 pip movement when trading Mini lots is equivalent to $1 dollars (10,000 currency units * 0.0001 = $1 dollars)

For illustration, if the EUR/USD moves from 1.1000 to 1.1001, this movement constitutes exactly one pip, which is represented by the fourth decimal place in a forex quotation.

The profit or loss will be:

1.1001 - 1.1000 = 1 pip

1 pip* $1 per 1 pip = $1

Hence, 1 pip movement for Mini lot is equal to $1

If the trade goes your way, you gain $10. If it goes against you, you lose $10.

Example 2: for Example if EURUSD moves from 1.1000 to 1.1050 this is equivalent to 50 pips - one pip is the 4th decimal point in the forex quote.

The profit or loss will be:

1.1050 - 1.1000 = 50 pips

50 pip* $1 per 1 pip = $50

Therefore, 50 pips move for Mini lot/contract is equivalent to $50

If the trade goes the way the trader expects, they will make a profit of $50. If the trade goes the opposite way, the trader will end up losing $50.

Example 3: For instance, if the EUR USD goes from 1.1000 to 1.1100, that's like 100 pips: one pip is the fourth number after the decimal in the forex quote.

The profit or loss will be:

1.1100 - 1.1000 = 100 pips

100 pip* $1 per 1 pip = $100

Therefore, 100 pips move for Mini lot is equivalent to $100

If the trade transaction heads in direction of the trade transaction, the trader will make a profit of $100. If the trade transaction moves against the direction of the trade transaction, the trader will make a loss of $100.

How Do I Count Pips in MT4 for Mini Account Mini Lots.

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