trying to work out the value of 1 pip on 0.1 lots of a micro account. micro is 1000 units right? so a 0.1 lot, would be 1000/10 = 100.
so if I want to find the value of 1 pip, when holding a 0.1 position would the following calculation be right?
for the eur/usd pair that would be, (0.0001/1.31200) x 100 = 0.00762 x 1.31200 = 0.0099
or simply Micro Lot ($1,000) = $0.10 per pip so 0.1 lot is 0.10$/10 = 0.01$ , which I means the calculation was good from the start!
ignore this post its all good now!