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

How to Calculate Pips for a Mini Account

The tutorial below explaining 3 example of how to calculate pips in a Mini account when trading Mini lots and how to calculate trading profits and losses when trading Mini lots in Forex.

1 pip is the minimum/smallest currency pair movement that is used when trading forex currencies.

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

For Example if EURUSD moves from 1.1000 to 1.1001 this is equal to 1 pip - one pip is the 4th decimal place in the forex quote.

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 transaction moves in direction of the trade transaction, the trader will make a profit of $10 dollars. If the trade transaction moves against the direction of the trade transaction, the trader will accrue a loss of $10 dollars.

Example 2: for Example if EURUSD moves from 1.1000 to 1.1050 this is equivalent to 50 pips - one pip is the fourth 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 is equal to $50

If the trade transaction moves in direction of the trade transaction, the trader will earn a profit of $50. If the trade transaction moves against the direction of the trade transaction, the trader will make a loss of $50.

Example 3: for Example if EURUSD moves from 1.1000 to 1.1100 this is equivalent to 100 pips - one pip is the fourth decimal point 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 moves in direction of the trade transaction, the trader will earn 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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How Do I Count Pips in MT4 for Mini Account Mini Lots?

How to Calculate Pips for a Mini Account