Calculate the pip value in the currency you wish to trade and manage your risk per trade like an expert. No more calculations, just trade.
What are pips?
Pip is an abbreviation for point in percentage and is used to calculate the value change between two currencies. Professional Forex traders all over the globe describe their profits and losses in terms of the number of pips their position increases or decreases!
How does the pip value calculator work?
A pip is computed by multiplying the quantity of trade-in lots by one pip in decimal form and then dividing it by the current exchange rate of the quotation currency in your pair.
** When trading, you can come across the phrase pipette. A pipette or point is one-tenth of a pip. Fractional pips are occasionally used to more accurately quantify variations in forex rates.
Let’s do the calculations together. Simply enter your account currency, the currency pair you’re trading, and the transaction size (lots) to get the pip value of your position.
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