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

How to Calculate Pips for a Nano Account

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

1 pip is the smallest currency pair movement used when trading forex currencies.1 pip movement when trading Nano lots is equal to $0.01 dollars (100 Units of currency * 0.0001 = $0.01 )

For Example if EURUSD moves from 1.1000 to 1.1001 this is equivalent to 1 pip - 1 pip is the fourth decimal point in the forex quote.

The profit or loss will be:

1.1001 - 1.1000 = 1 pip

1 pip* $0.01 per pip = $0.01

Therefore, 1 pip move for Nano lot is equivalent to $0.01 dollars

If the trade moves in direction of the trade, the trader will make a profit of $0.01 dollars. If the trade moves against the direction of the trade, the trader will accrue a loss of $0.01 dollars.

Example 2: for Example if EURUSD moves from 1.1000 to 1.1050 this is equal to 50 pips - 1 pip is the 4th decimal place in the fx quote.

The profit or loss will be:

1.1050 - 1.1000 = 50 pips

50 pip* $0.01 per pip = $0.5

Hence, 50 pips move for Nano lot is equal to $0.5

If the trade moves in direction of the trade, the trader will make a profit of $0.5 dollars. If the trade moves against the direction of the trade, the trader will accrue a loss of $0.5 dollars.

Example 3: For Example if EURUSD moves from 1.1000 to 1.1100 this is equal to 100 pips - 1 pip is the fourth decimal place in the currency quote.

The profit or loss will be:

1.1100 - 1.1000 = 100 pips

100 pip* $0.01 per pip = $1

Therefore, 100 pips move for Nano lot is equivalent to $1 dollar

If the trade moves in direction of the trade, the trader will earn a profit of $1. If the trade moves against the direction of the trade, the trader will make a loss of $1.

How Do I Count Pips in MT4 for Nano Account Nano Lots

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

How to Calculate Pips for a Nano Account