trade size and dollar value per pip

EagleMoxy
21 Jan 2020, 09:06 ( Updated at: 21 Dec 2023, 09:21 )

RE:

EagleMoxy said:

Hi,

I`m new to this, 

I`m trading micro lots ast $1000 USD volume. Here the USDJPY cross rate.

I believe its as follows roughly

1 micro lot = 0.10 cents per pip

1 mini lot = $1.00 cents per pip

1 standard lot = around $10 per pip USD 

is this correct roughly? 

can you trade at 0.01 cents per pip??

PanagiotisCharalampous
21 Jan 2020, 09:10

Hi Jitterbug,

Lot size and minimum trading size is configured by the brokers. You should contact your broker regarding this.

Best Regards,

Panagiotis 

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EagleMoxy
21 Jan 2020, 11:11

RE:

PanagiotisCharalampous said:

Thanks Panagiotis, 

fyi the Telegram link isnt working...I clicked it but its not taking me anywhere..

 

PanagiotisCharalampous
21 Jan 2020, 11:13

Hi Jitterbug,

The link seems fine to me. Alternatively search for cTrader Official in Telegram.

Best Regards,

Panagiotis 

Join us on Telegram

EagleMoxy
21 Jan 2020, 12:20

RE:

PanagiotisCharalampous said:

i`m in thank you!