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50 Pip Value on Mini Accounts

How do you figure out 50 pips profit or loss in a mini account?

One Pip Marks the Tiniest Move in Currency Pairs for Traders.

Mini Lot Pip Move Equals $1 (10,000 Units Times 0.0001)

For Example if the EUR/USD currency pair heads from 1.2000 to 1.2001 - this is equivalent to one pip - a pip is the fourth decimal place in the forex quote.

Hence, 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

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