How much is 1 pip in a micro account

[kent123]

I just wanted to no how much was one pip in a micro account.

[kagein]

i think its $0.10

[rhodytrader]

First, it's not the size of your account, but the size of the trade that determines the pip value.

Second, the answer is "It depends". For USD based pairs it's $0.10 as kaegin said. For non-USD based pairs it varies.

[tymen1]

First, it's not the size of your account, but the size of the trade that determines the pip value.

To rhodytrader :

This appears a little confusing.

Could you expand/elaborate on what you are saying here to improve clarity.

Thanks.

[rhodytrader]

Originally Posted by tymen1

To rhodytrader :

This appears a little confusing.

Could you expand/elaborate on what you are saying here to improve clarity.

It's quite simple. The fact that I have a $10,000 account, or an account which is defined as a micro or mini or any other type, for example, means absolutely nothing in terms of the pip value of any given trade. Nor does my permissible leverage. There are only two things which define pip values. The first is the pair being traded. The second is how big a trade I make.

If I have a $10,000 account I could trade a position anywhere from $1 to $1,000,000 or more (assuming 100:1 permissible max leverage). If I am trading USD/JPY at current prices, for example, a pip value on a $1000 trade (1 micro contract) is about $0.09. If I were to trade $5000, it would be about $0.46. And so on.

[daydreamer65]

Here you go Tymen I found the math.

Pips, lots and a little bit of math : Trainee Trader