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need help with pip value

  • #1
  • First Post: Sep 18, 2006 10:47am Sep 18, 2006 10:47am
If I have $1000 in my account and I trade 1 mini lot with 100:1 leverage if it goes against me what percentage of my account will be gone, do I lost all my money in my account or just the $100. that i trade in... very new to this FOREX, if 2 mini lot what is my lost ... thank very much deeply appreciated...
  • #2
  • Sep 18, 2006 10:57am Sep 18, 2006 10:57am
A mini lot is equal to a pip value of $1. on most currencies, a bit less on others. If you have a loss of 100 pips you will lose $100. If you have 2 mini lots and a loss of 100 pips you will lose $200 and so on.

Please read this
http://www.forexfactory.com/forexfor...ead.php?t=3690



Quoting atobev
If I have $1000 in my account and I trade 1 mini lot with 100:1 leverage if it goes against me what percentage of my account will be gone, do I lost all my money in my account or just the $100. that i trade in... very new to this FOREX, if 2 mini lot what is my lost ... thank very much deeply appreciated...
  • #3
  • Last Post: Sep 18, 2006 11:45am Sep 18, 2006 11:45am
smjones thanks for the reply and I do appreciate it, very informative forum.
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