How Much is 1 Pip Worth in a Nano Forex Trading Account Nano Lots?

Nano Account Definition - the definition of a forex Nano account is an account type where forex 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 forex lot.

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

Calculating Pip Value for Nano Forex Account trading Nano Lots

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

1 pip movement when trading Nano lots is equal 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 fourth decimal place in the currency quote.