Cryptocurrency Q&A
What is the profit of 0.01 lot size?
What is the profit of 0.01 lot size?
DaeguDivaDanceQueenElegance
Sun Dec 01 2024
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6 answers
1224
I would like to know the profit that can be made from a trading position with a lot size of 0.01. I'm curious about the potential earnings from such a small lot size.
6 answers
Valentino
Tue Dec 03 2024
In the context of trading, a pip stands for a percentage in point and is the smallest incremental move of an exchange rate.
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Martino
Tue Dec 03 2024
A micro lot, which is a lot size of 0.01, signifies a contract involving 1,000 units of the base currency.
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KpopHarmony
Mon Dec 02 2024
Therefore, regardless of whether the price moves up or down by 1 pip, the trader's profit or loss will be $0.11.
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Caterina
Mon Dec 02 2024
When there is a 1 pip movement in the price, it results in a corresponding change in profit or loss for the trader.
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Elena
Mon Dec 02 2024
For a micro lot, the profit or loss per pip movement is calculated by multiplying the lot size by the value per pip.
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