Trade Forex Trading

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, a pip marks the fourth decimal place in a currency pair's price quote. For example, EUR/USD at 1.3000 rises to 1.3001. That counts as one pip movement.

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 find pip value for mini lots, count the pips a currency pair moves. Then multiply by $1, the pip value for mini lot forex trades.

A pip represents the smallest price movement in a forex pair and is a standard unit for traders in the forex market.

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

Take EUR/USD moving from 1.3000 to 1.3001. That's one pip. It marks the fourth spot after the decimal in forex prices.

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

More Help Guides and Online Classes:

Forex Broker