Cryptocurrency Q&A
How much is 0.01 lot?
How much is 0.01 lot?
Caterina
Wed Dec 18 2024
|
5 answers
1137
I'm trading forex and I'm confused about the lot size. Specifically, I want to know the value of 0.01 lot. Can someone explain how much is 0.01 lot worth in monetary terms?
5 answers
BlockchainBaronGuard
Fri Dec 20 2024
With a 0.01 lot size, and assuming each pip is valued at $10, any movement of 1 pip will result in a profit or loss of $0.11.
Was this helpful?
343
97
CryptoWanderer
Fri Dec 20 2024
This calculation is derived by multiplying the lot size (0.01) by the pip value ($10), which gives us $0.10 per pip movement.
Was this helpful?
173
78
HanjiArtist
Fri Dec 20 2024
A micro lot, which is equivalent to a 0.01 lot size, signifies a trading contract comprising 1,000 units of the base currency.
Was this helpful?
362
41
Raffaele
Fri Dec 20 2024
In the context of foreign exchange trading, a pip represents the smallest incremental change in the value of a currency pair.
Was this helpful?
69
67
HanbokGlamourQueen
Fri Dec 20 2024
For every 1 pip movement in the price, whether it's an increase or a decrease, the trader's profit or loss will be calculated based on the lot size they are trading.
Was this helpful?
190
55
