# pip value and volume

Discussion in 'Forex Education' started by Derbel Idriss, May 8, 2017.

1. ### Derbel IdrissNewbie

2
0
1
i knew this this methode for calculing pip value but there is something that i didn't understand :
-i am selling the eur/usd at 1.0930
-the contract is mini-lot
-After several hours, the price rose to 1.0976 and then i close it
the methode0.0001/1.0976)*10000 equals 0.91*46pips=41 dolars
-now,what i didn't undeerstand is how the chosen volume in the opening of the trade affect this formula (0.0001/1.0976)*10000 in the cacul of the pip value
for exemple can someone tell me if i choose 0.3 as volume how this formula become

9,518
337
114
Sorry, but your formula is incorrect. The pip value in USD for a EUR/USD trade does not depend on the EUR/USD rate. It is \$10 per standard lot, or \$1 per mini-lot.

As for the role of the position size, you just figure out the unit cost (\$0.0001 in case of anything XXX/USD) and multiply it by your unit volume (10,000 in case of a mini-lot).

3. ### Derbel IdrissNewbie

2
0
1
sorry but i didn't understand the part of of the position size can you give an exemple
thx
for exemple i have a mini-lot that mean \$1 per pip if my position size is 0.3
what will the pip value?

9,518
337
114
If your position size is 0.3 mini-lot and you trade EUR/USD, then the pip value is:
0.3 × 10,000 × \$0.0001 = \$0.30.