How Do I Calculate Pips Profit in Forex for 100 Pips for 1 Mini Lot

Examples of how to calculate pips using the 4 Decimal Points Currency Quote when trading using 1 Mini Lot

The 4th decimal place in the EURUSD forex pair is equivalent to 1 pip

Calculate 100 Pips Profit for a Mini Account

If EURUSD moves from 1.2000 to 1.2100 then this move is equal to:

1.2100-1.2000 = 0.0100 (100 pips)

Value of = 0.0001 USD (1 pip move for 1 Mini lot)

1 Mini lot = $10,000

Value of 1 pip for 1 Mini lot = 10,000* 0.0001= $1

Value of 100 Pips = 100*1= $100

Therefore the profit in pips for 100 pips in EURUSD currency pair when trading Mini lots is $100