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Lot Multiplier
My question may seem silly to seasoned FX traders but here it is.
I find it a bit confusing when entering the figure in the lot multiplier section when entering a trade. I'm lead to belive the list below is what the return per pip would be. This being a Standard, Mini and Micro accounts.
1 (100 000 units) = $10 per pip
0.1 (10 000 units) = $ 1 per pip
0.01 (1000 units) = 0.10c per pip
Are ther any listings available that show this information for each type of account
Regards
Allan
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- In Forex Beginners
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- KnightAl
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- 1 year ago
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In pricipal you are right. But, the pip value is correct only with Pairs where the base (right) carrency is USD. in other pairs it might be different, according to market changing value. another point to bear in mind- those values are correct only with 4 digits after the point for EUR/USD, as example. with 5 digits accounts the Pip's Value has to be multiplied again by 0.1. in the above example, a standard account w. 5 digit will give you 1 USD for each 1LOT |
