How Much is 0.01 Lot in Forex? - 0.01 Lot Forex - Micro Lot Forex

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

This Micro Account option allows the trader to open trades in micro lots. 1 micro is one - tenth of a mini lot forex and one-hundredth of a standard lot lot.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest transaction available in a micro account is worth $1,400 used to buy 1,000 EUR. With leverage, this is only $14 of your money. This option is generally best suited for equity balances that are between $1,000 and $5,000

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