Calculate the pip value in the currency you want to trade in and manage your risk per trade like a pro. It can help you calculate the optimal size of your initial position depending on your stop loss in pips, risk tolerance and account size. No more difficult calculations, just a smooth trading experience.
Simply fill in your account currency, the currency pair you are trading, the trade size (lots) and find out the pip value of your position.
** You might come across the term fraction pip when trading. A fractional pip is one-tenth of a pip. Fractional pips are sometimes used to more precisely define fluctuations in forex rates.
Pip stands for point in percentage and is used to measure the change in value between two currencies. Professional Forex traders worldwide express their gains and losses in the number of pips their position rises or falls.
The value of a pip is calculated by multiplying the amount of the trade-in lots by one pip in decimal form and then dividing it by the current exchange rate of the quote currency in your pair.
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Let's say you want to trade 1 lot of GBP/USD using USD as the deposit currency.
** The Pip Value is calculated as per the current conversion price of the currency pair.
Deposit currency: In Forex, deposit currency stands for the currency you chose to deposit your funds with when signing up with a broker and is available to see on your trading platform. The selected account base currency in our example is USD.
Currency pair: Trading Forex always involves two currencies at a time. These two currencies are referred to as 'currency pairs' and they're made up of the base currency and the quote currency. The difference in price is where you'll make your profit or loss. For the purposes of our example, let's use the currency pair GBP/USD.
Trade size: Forex is traded in specific amounts called lots, or basically the number of currency units you will buy or sell. There are typically 4 Forex lot sizes used for trading purposes, Standard lots (100,000 currency units), Mini lots (10,000 currency units), Micro lots (1,000 currency units) and Nano lots (100 currency units).
The results: The pip value calculator uses live Forex market prices and calculates the current pip values based on your pre-filled values.
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Calculate the pip value in the currency you want to trade in and manage your risk per trade like a pro. No more difficult calculations, just a smooth trading experience.
Use calculator
You can use our Forex Compound Calculator and simulate the profits you might earn on your Forex trading account.
Use calculator
Our economic calendar showcases relevant events to help you trade these markets too.
View calendar
Our Forex heat map includes real-time data and can help you determine the strongest and the weakest currencies on the Forex market right at this moment.
Use heatmap
Use our Value at Risk Calculator to estimate potential losses. This tool can help you make more informed investment decisions and ultimately help protect your hard-earned money.
Use calculator
Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.
Use calculator
With our free Forex Profit Calculator, you can calculate your profits and losses before or after executing a trade so you'll know exactly how much profit or loss you can expect.
Use calculator
This free interactive currency strength meter is going to show you which currency pairs are strong and weak, in real-time.
Use this tool
Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.
Use calculator
Monte Carlo Simulation is a computer simulation technique used to estimate the possible outcomes of your trades and estimate your trading strategies' viability.
Use this tool
Calculate the pip value in the currency you want to trade in and manage your risk per trade like a pro. No more difficult calculations, just a smooth trading experience.
Use calculator
