How Much is One Pip Worth in a Nano Account Nano Lots?

Nano Account Definition - the meaning of a Nano account is an account type where traders open trades using Nano lots.

1 Nano lot is the equivalent of 100 Units of the base currency.

Nano lot is equivalent to one tenth of Micro lot.

For Nano lot the pip size per trade is equal to $0.01

Calculating Pip Value for Nano Account trading Nano Lots

1 pip is the smallest forex pair movement used when trading currencies.

1 pip move when trading Nano lots is equivalent to $0.01 dollars (100 Units of currency * 0.0001 = $0.01 )

For Example 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.