This smart tool can calculate the worth of 1 PIP based on your traded currency pair and taking into consideration your online trading account currency.
“One PIP equals 1 point of price move, OR simply said the smallest price incremental.”
How to use our “Pip Value Calculator”:
- Select your account currency
- Select the currency pair you are going to trade
- Select your the position size (units)
- micro lot 0.01
- mini lot 0.1
- standard lot 1
Note: Don’t use comma but dot instead (0.01 instead 0,01)
How to interpret the Pip Value Calculator results:
Example: You have USD trading account currency and you place a trade 1 standard lot, then 1 PIP will have value of $10, meaning the price increase or decrease of just 1 point will result in $10 profit/loss.
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