What is the Value of 50 Pips for Cent account? - What is a 50 Pip value for Cent Account?
How to Calculate 50 Pips Value Forex Profit & Loss in a Cent Trading Account
1 pip is the smallest forex pair movement used when trading currencies.
1 pip move when trading Cent lots is equal to $0.01 or 1 Cent dollars (100 Units of currency * 0.0001 = $0.01 dollars or 1 Cent )
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 50 Pips Move in a Cent Account the profit or loss will be equal to:
50 pips* $0.01 or 1 Cent per pip = $0.5
Hence, 50 pips move for Cent lot is equivalent to $0.5 dollars
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