Forex AUDCAD Pip Calculator - How To Count AUDCAD Pips Value
AUDCAD Contracts Specifications
AUDCAD Pips Calculator - AUDCAD Currency Pair Explained
When trading AUDCAD Pair what is the value of 1 pip?
The AUD/CAD currency pair is quoted to four decimal places and the last decimal place is known as the pip.
If your broker quotes AUDCAD using 5 decimals, then the last decimal point is what is referred to as a fraction of a pip or pipette, but the fourth decimal point is the PIP.
The Value of 1 Pip for AUDCAD when trading 1 standard lot is $7.53. When trading AUDCAD, AUD/CAD is traded in lots (batches). 1 lot of AUDCAD is equivalent to 100, 000 units of currency.
AUDCAD is traded in lots so as to increase the value of 1 pip, therefore increasing the profit value when trading AUD/CAD.
How Much is 1 Pip in AUDCAD? - What is AUDCAD Pip Value in USD?
The Value per 1 Pip for AUDCAD Currency Pair for 1 Lot is - $7.53
To calculate the value of 1 AUDCAD Pip Size You will also need to take into account the position size traded. Position size is determined by lots, the three types of lots when trading AUDCAD are:
- Standard Lot - 100,000 Units of Currency
- Mini Lot - 10,000 Units of Currency
- Micro Lot - 1,000 Units of Currency
How To Calculate Pips For AUDCAD - How To Count Pips on AUDCAD
When trading 1 lot, 1 Pip AUDCAD is equivalent to $7.53
When trading 1 mini lot, 1 Pips AUDCAD is equal to $0.753
When trading 1 micro lot, 1 AUDCAD Pip Count is equivalent to $0.0753
AUDCAD Pip Value Forex Calculator: How to Calculate AUDCAD Pips - Forex Pip Calculator AUDCAD Currency Pair
