Cryptocurrency Q&A
How to calculate profit with 0.01 lot size?
How to calculate profit with 0.01 lot size?
EthereumEliteGuard
Wed Dec 18 2024
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6 answers
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I want to know how to compute the profit when trading with a lot size of 0.01. I'm curious about the methodology and formula to use for such calculations.
6 answers
Maria
Fri Dec 20 2024
Specifically, for every 1 pip movement, your profit or loss will amount to $0.11.
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amelia_jackson_environmentalist
Fri Dec 20 2024
A micro lot, which is equivalent to a 0.01 lot size, signifies a trading contract involving 1,000 units of the base currency.
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NebulaChaser
Fri Dec 20 2024
This calculation is derived by multiplying the pip movement (1 pip) by the lot size (0.01) and the value per pip ($10).
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Starlight
Fri Dec 20 2024
In the context of forex trading, a pip represents the smallest incremental change in the value of a currency pair.
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Tommaso
Fri Dec 20 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.
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