Cryptocurrency Q&A
What lot size is 1 dollar per pip?
What lot size is 1 dollar per pip?
LightningStrike
Thu Oct 31 2024
|
5 answers
1079
I'm trying to figure out the lot size that would result in a 1 dollar per pip movement. I want to understand the trading volume required to achieve this profit or loss per pip.
5 answers
CryptoPioneer
Sat Nov 02 2024
This means that if you are trading a mini lot of US dollars and the price quote changes by one pip, your profit or loss will be $1.
Was this helpful?
67
25
Daniele
Sat Nov 02 2024
Therefore, when trading with a mini lot, it is easy to calculate the impact of pip movements on your trade.
Was this helpful?
292
43
FireFlyer
Sat Nov 02 2024
The value of $1 in pips can vary depending on the size of the trade.
Was this helpful?
147
30
Chiara
Sat Nov 02 2024
BTCC is a top cryptocurrency exchange that offers a range of services including spot, futures, and wallet.
Was this helpful?
262
21
GeishaWhisper
Sat Nov 02 2024
For a mini lot, which consists of 10000 units of currency, one pip is equivalent to $1.
Was this helpful?
311
49
