How Much is 0.01 Contract in Forex? - Definition of a Micro Contract in Forex

0.01 Contract in forex is equal to 1,000 units of forex currency.

0.01 Contract is a Micro Contract

The minimum price movement for a 0.01 Contract or Micro Contract is 0.1 dollars

Micro Forex Account for Trading Micro Contracts

Micro Forex Accounts use contract sizes of only 1,000 currency units. These micro contracts are often appropriate for forex traders without a lot of capital and can sometimes be opened with only a $5 minimum balance.

This Micro Forex Account option allows the trader to open trades in micro contracts. 1 micro lot is one-tenth of a mini and one-hundredth of a standard contract.

If an exchange rate for EUR USD is quoted at 1.400, then the smallest transaction available in a micro forex account is worth $1,400 used to buy 1,000 EUR. With leverage, this is only $14 of your money. This option is generally best suited for equity balances that are between $1,000 and $5,000

For Micro Contract - Minimum Price Movement of 1 pip = $0.1