What is the Value of 100 Pips for Mini Account? - How Many Dollars is 100 Pips for Mini Account?

How to Calculate 100 Pips Value Profit & Loss in a Mini Account

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

1 pip move when trading Mini lots is equal to $1 dollars (10,000 units of currency * 0.0001 = $1 )

For Example if EURUSD moves from 1.2000 to 1.2001 this is equivalent to 1 pip - 1 pip is the fourth decimal point in the forex quote.

Therefore, for 100 Pips Move in a Mini Account the profit or loss will be equal to:

100 pips* $1 per pip = $100

Therefore, 100 pips move for Mini lot is equal to $100 dollars