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How Many Dollars is a Mini PIP? - How to calculate Mini Account Pip Value

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

How to Calculate Forex Pip value in a Mini Account

To calculate the forex profit or loss for a Mini trading account a trader will count number of pips that a currency pair has moved & then multiply the number of pips with $1. $1 is the pip size when trading forex Mini lots.

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

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

How to Calculate Forex Profit & Loss in a Mini Account

For Example if EURUSD moves from 1.2000 to 1.2001 this is equivalent to 1 pip - a pip is the fourth decimal point in the forex quote.

The profit or loss will be:

1.2001 - 1.2000 = 1 pip

1 pip* $1 per 1 pip = $1

Hence, 1 pip move 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. 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 1.2000 to 1.2050 this is equivalent to 50 pips - one pip is the fourth decimal point in the fx quote.

The profit or loss will be:

1.2050 - 1.2000 = 50 pips

50 pip* $1 per 1 pip = $50

Hence, 50 pips move for Mini lot is equal to $50

If the trade transaction moves in direction of the trade transaction, the trader will make 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 1.2000 to 1.2100 this is equivalent to 100 pips - a pip is the fourth decimal point in the forex quote.

The profit or loss will be:

1.2100 - 1.2000 = 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 to calculate Mini Account Pip Value and Profit and Loss in a Mini Trading Account.

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