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Forex pip calculator
What one pip is worth on your trade, and how many lots fit your risk.
An example rate. Use your broker's.
1 standard lot = 100,000 units of EUR
Your trade
Your risk
Value of one pip
$10.00
- Position value
- $108,500
- Position size
- 100,000
- units of EUR
- Pip size
- 0.0001
This trade
- Pips
- 50.0
- Profit or loss
- +$500.00
- Return on position
- +0.46%
Lots for your risk
- Lots
- 0.20
- Amount at risk
- $100.00
- Loss at the stop
- $100.00
How it was worked out
How pip value works
A pip is the standard unit of a currency pair's price movement. Its value depends on the pip size, how many units you trade and the currency your account is in.
Pip value = Pip size x Lots x Units per lot
An example
One lot of EUR/USD is 100,000 euros, so a pip is 0.0001 x 100,000 = $10. Buy at 1.0800 and sell at 1.0850, and you make 50 pips: 50 x $10 = $500.
Questions
What is a pip in forex trading?
The standard unit of price movement. For most pairs it is 0.0001, the fourth decimal. For Japanese yen pairs it is 0.01. For gold (XAU/USD) this calculator uses 0.01.
How do you calculate pip value?
Pip value = pip size x position size in units, in the quote currency. One lot of EUR/USD is 0.0001 x 100,000 = $10 per pip. One lot of USD/JPY is 0.01 x 100,000 = 1,000 yen, which at 150 is $6.67 per pip.
What is the pip value for gold (XAU/USD)?
One standard lot is 100 ounces and a pip is $0.01, so a pip is worth $1 per lot. A $1 move in gold is 100 pips, or $100 per lot.
What is the difference between a standard, mini and micro lot?
A standard lot is 100,000 units, about $10 per pip on USD-quoted pairs. A mini lot is 10,000 units, about $1 per pip. A micro lot is 1,000 units, about $0.10 per pip.
Why is a pip different for JPY pairs?
The yen has a much lower value per unit, so USD/JPY is quoted around 150.00 rather than 1.5000. A pip is therefore 0.01, and a move from 150.00 to 150.50 is 50 pips.
How do I calculate position size from risk?
Lots = risk amount / (stop loss in pips x pip value per lot). With a $10,000 account, 1% risk ($100) and a 50 pip stop on EUR/USD: $100 / (50 x $10) = 0.20 lots.
What is a pipette?
One tenth of a pip. Many brokers quote a fifth decimal (a third on JPY pairs), so a price of 1.08505 is 5 pipettes above 1.08500.
What are major, minor and exotic pairs?
Majors include the US dollar and are the most traded, such as EUR/USD. Minors pair other large currencies, such as EUR/GBP. Exotics pair a major currency with an emerging market one, such as USD/ZAR.
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For education only, not financial advice. Results depend on the numbers you enter.