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 in the currency price quote - for example a EURUSD 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 as shown on the examples 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 number of pips that a currency pair has moved and multiply the number of pips with $1. $1 is the pip value when trading fx Mini lots.

1 pip is the smallest forex pair movement used when trading 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 1 pip - 1 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 pip = $1

Therefore, 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 - 1 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

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

How to calculate Pip Value Movement When Mini Lots