Forex Pip Value Calculator

A simple yet powerful forex tool to measure, your trading profit loss with pip’s monetary value.

Find pip value here

After you enter position size you need to select your account base currency. Then hit the calculate button to find the pip value of the selected trading currency pair.

forex rebate, earn free forex cashback
forex rebate, earn free forex cashback

Instructions to use

Contents

Description

Calculate Pip Value

Usage

Description

What is a Forex Pip?

It is a unit of price movement in the foreign exchange market. In forex trading, the price gets quoted in decimal in most of the cases. Therefore, we calculate pips based on the smallest price movements in decimal points.


Calculate Pip Value

How do you calculate pip value?

Calculation of pips varies with the digits variation of the quotation. For example, most of the forex brokers quote EURUSD in 4 decimal points. Like 1.2345. But some forex brokers especially the ECN brokers quote it is in 5 decimal points like 1.23456. In case USDJPY quoting differs as 120.12 to 120.123. This difference changes the calculation of pip value.


Usage

How to use Pip Value Calculator?

Select currency pair which you are about to trade and then enter position size or units of trade. For example, 100,000 equals 1.00 standard lot. Below is a table to understand what is position size: (you can learn more about it from forex school.Lotsize Leverage Margin).

Lot Size
Lot Size Value
Position Size in Unit
Nano 0.001 100
Micro 0.01 1000
Mini 0.1 10,000
Standard 1.00 100,000

After you enter position size you need to select your account base currency. Then hit the calculate button to find the pip value of the selected trading currency pair.

Financial Calculator




World class advance forex calculator, stock, options derivatives calculators.

Expected Rate of Return

Expected Rate of Return

Calculate expected profit and loss in forex trading with the average winning rate. Instructions to use Contents Description Calculate Usage Description Rate of Return in Forex Trading In Forex trading it is essential to know how much profit your trading strategy can generate in long run or for a specific period of time. Then you […]

Forex Market Hours

Forex Market Hours

Forex time zone converter Ultimate forex clock for your forex day trading Instructions to use Contents Description Trading Hours Currency Pairs Description Forex Market Time Forex market is a 24 hours market around the clock. But for all currency pairs, volatility does not stay equal. It varies time to time for different sessions. Forex Sessions […]

CFTC Commitment of Traders Charts

CFTC Commitment of Traders Charts

With our advanced COT chart, View market sentiments and decide the trend for your trading. Instructions to use Contents Description Usage Description What is Commitment of Traders (COT) Report? This is a report which shows commercial and non-commercial trader position on a certain currency from Chicago Mercantile Exchange (CME). This COT reports get updated weekly […]

Latest posts

Check all recently updated & newly posted forex articles, forex trade analysis, MetaTrader indicator manual update.

CFTC Commitment of Traders Charts

CFTC Commitment of Traders Charts

Last updated on January 14, 2021

Expected Rate of Return

Expected Rate of Return

Last updated on January 10, 2021

Forex Pip Value Calculator

Forex Pip Value Calculator

Last updated on January 10, 2021

Forex Market Hours

Forex Market Hours

Last updated on January 9, 2021

Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x