Trade Forex Trading

Defining the Value of a 0.01 Lot Forex Trade (Micro Lot Equivalent)

0.01 Lot in forex is equivalent to 1,000 units of currency - Micro Lot Forex.

0.01 Lot is a Micro Lot

The minimum price movement for a 0.01 Lot or Micro Lot is 0.1 dollars

Micro Account for Trading Micro Lots - Micro Lot Account

Micro Trading Accounts use contract sizes of only 1,000 currency units. These micro lots are often appropriate for traders without a lot of capital and sometimes can be opened with only a $5 minimum balance.

The Micro Account lets traders make trades in very small amounts. A micro lot is a tenth of a mini lot and a hundredth of a standard lot.

If the exchange rate for EUR/USD is quoted at 1.400, the smallest tradable unit in a micro account is valued at $1,400, used to acquire 1,000 EUR. With leverage applied, this only requires $14 of your personal capital. This specific option is generally best suited for equity balances ranging between $1,000 and $5,000.

For Micro Lot - Minimum Price Movement of 1 pip = $0.1

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