Hi everyone!
Sorry for my english. I'm new in this world and I'm triying to learn everything i can. I have a question but before i comment the situation:
I have a demo account and i opened a position of 0.01 lots with a 100:1 leverage in EUR/USD, and I thought as a pip is 1 when you trade with 1 lot, I trade with 0.01 lots, 1 pips = 0.01 but I use a 100:1 leverage whats make 1 pip = 1 . Thw surprise came when i checked my position and i had +12 pips but the profit was 0.87 .
I don't know the reason. Can someone explain me this?
Thanks
Sorry for my english. I'm new in this world and I'm triying to learn everything i can. I have a question but before i comment the situation:
I have a demo account and i opened a position of 0.01 lots with a 100:1 leverage in EUR/USD, and I thought as a pip is 1 when you trade with 1 lot, I trade with 0.01 lots, 1 pips = 0.01 but I use a 100:1 leverage whats make 1 pip = 1 . Thw surprise came when i checked my position and i had +12 pips but the profit was 0.87 .
I don't know the reason. Can someone explain me this?
Thanks