I opened 0.01 micro lots and closed a position on my MICRO account, but I see no profit. Why?
You can calculate your profits with the help of the following formula:
(Close price-open price)*Contract size*Lots
You have a MICRO account (contract size is 1000), and you opened 0.01 lots of EUR/USD.
Opening price =1.29887, closing price=1.29906
The calculation would be as follows:
(1.29906-1.29887)*1000*0.01= 0.0019 USD (the result is always in the second currency of the currency pair).
As you can see, 0.0019 USD is too small a profit to be visible on your platform, as the profit shows 2 decimals.