Forex Trading 0.01 Lot
Usd base currency of the currency pair. you’re trading 1 standard lot (100,000 base units) and the base currency is the usd such as usd/jpy. the pip value is calculated as below: the usd/jpy is traded at 99. 735 means that $1=99. 73 jpy 100,000*0. 01 (the 2nd decimal) /99. 735≈$10. 03. The price for 1 standard lot in ibfx is worth 100,000 base currency. the price for 1 mini lot in ibfx is worth 10,000 base currency. that is why their 0. 01 lot is worth 1 cent per pip. other brokers like alpari, their 0. 01 lot is worth 10 cent per pip. If you are trading gbp/cad, and your account currency is cad, then 1 pip is worth c$0. 10 per micro-lot (0. 01 lot). and so forth. if your account currency does not match the quote currency in the pair you are trading, then the pip-value per micro-lot will be close to, but not exactly equal to 10 cents per pip. Mini-lot: a currency tradinglot size that is 1/10 the size of the standard lot of 100,000 units. one pip of a currency pair based in u. s. dollar...