What's a 50 Pip value for Mini Account? - What is the Value of 50 Pips for Mini Account?

How to Calculate 50 Pips Value Profit and 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 (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 place in the forex quote.

Therefore, for 50 Pips Move in a Mini Account the profit or loss will be equal to:

50 pips* $1 per pip = $50

Therefore, 50 pips move for Mini lot is equal to $50 dollars