Pip Calculator
Calculate the pip value of your trades for all major Forex currency pairs, indices, cryptocurrencies, and more, using live market quotes.
Disclaimer: Please note that there are risks involved when trading financial instruments and all information presented here is for educational purposes only. It is not intended to provide financial advice.
What are Pips?
Point in percentage, or pip in short, is a unit of measurement used to express the change in value between two currencies. A pip is usually the last decimal place of a price quote and traders around the world express their profits and losses in the number of pips their position rises or falls.
In addition to the standard pip, most forex brokers also offer 'fractional pip pricing'. This adds a fifth decimal place, so a fractional pip is one tenth of a pip.
How does the Pip Calculator work?
In just a few simple steps, you can calculate the pip value of your trades so that you can manage your risk better.
Pip Value Method
Step-by-Step
1. Select instrument
Select the instrument you're trading.
2. Choose deposit currency
Choose the deposit currency of your trading account.
3. Enter the volume (lots)
Enter the volume (lots) you're trading then click 'Calculate'.
Calculating the Pip values
To calculate the value of a pip, the following variables are required: account base currency (account currency), trading instrument (e.g. currency pair) and trading volume (trade size). The following formula is used to calculate pips:
Formula:
Pip Value = (One Pip / Exchange Rate) * Lot Size
Let's say the pip value for a 0.10 lot of GBP/USD, with a market rate of 1.31580, on a GBP trading account, is currently £0.8225.
Pip Value = (0.0001 / 1.31580) * 10,000
Pip Value = £0.7599
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