How Do You Calculate Pips Value in Forex for Mini Lots? - Pips Value Mini Lots

How to Calculate and Interpret Forex Pips Value Movement When Mini Lots

In forex trading the pip is the fourth decimal point in the forex price quote - e.g. a EUR/USD quote of 1.3000 if it moves to 1.3001 this is a movement of 1 pip.

Currency pair pip movement in fx trading is calculated using pips, when trading one Mini lot the pip movement is equal to $1 like shown on the illustrations revealed below:

How to Calculate Pip value in a Mini Account

To calculate the pip value movement when trading Mini lots a trader will count the amount of pips that a currency pair has moved and then multiply that number with $1. $1 is the pip size value when trading forex Mini lots.

1 pip is the minimum/smallest forex pair movement that's used by the traders when trading the forex currencies.

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

How to Calculate the Trading Pip Value Movement

Example 1: if EURUSD moves from 1.3000 to 1.3001 this is equal to one pip - one pip is the 4th decimal place in the forex quote.

The pip value movement will be:

1.3001 - 1.3000 = 1 pip

1 pip* $1 per 1 pip = $1

Hence, 1 pip value movement for Mini lot is equivalent to $1 dollars

Example 2: for Example if EURUSD moves from 1.3000 to 1.3020 this is equal to 20 pips - one pip is the fourth decimal point in the currency quote.

The pip size movement will be:

1.3020 - 1.3000 = 20 pips

20 pip* $1 per pip = $20

Therefore, 20 pips value movement for Mini lot is equal to $20 dollars

Example 3: for Example if EURUSD moves from 1.3000 to 1.3030 this is equivalent to 30 pips - 1 pip is the fourth decimal place in the currency quote.

The pip value movement will be:

1.3030 - 1.3000 = 30pips

30 pip* $1 per pip = $30

Hence, 30 pips value movement for Mini lot is equivalent to $30 dollars

How to calculate Pip Value Movement When Mini Lots

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