Cryptocurrency Q&A
How much profit is 0.01 lot size?
How much profit is 0.01 lot size?
MysticEchoFirefly
Tue Dec 17 2024
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7 answers
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I'm trading forex and I'm curious to know how much profit I can make with a trade size of 0.01 lot. I want to understand the potential earnings from such a small lot size.
7 answers
Tommaso
Thu Dec 19 2024
Specifically, a 1 pip movement results in a profit or loss of $0.10 for a 0.01 lot size position.
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Nicolo
Thu Dec 19 2024
A micro lot, denoted as 0.01 lot size, signifies a trading volume of 1,000 units of the base currency in a contract.
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CryptoVisionary
Thu Dec 19 2024
This calculation is derived by multiplying the lot size by the pip value, which is assumed to be $10 per pip in this scenario.
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Nicola
Thu Dec 19 2024
Therefore, understanding the relationship between lot size, pip movement, and profit/loss is crucial for managing risk in forex trading.
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Silvia
Thu Dec 19 2024
In the context of foreign exchange trading, a pip stands for percentage in point, representing the smallest increment of price movement.
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