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Pip Calculator
Calculate the monetary value of a single pip movement for any instrument and trade size.
Using the Pip Calculator
Select the Instrument
Choose the currency pair or instrument you plan to trade.Enter Your Position Size
Input your trade size in lots. Results are shown in USD.Read the Pip Value
See the instrument's pip size and the value of a single pip at your position size.
What Is a Pip?
A pip ("percentage in point") is the standard unit for measuring price movement in a currency pair — typically the fourth decimal place for most pairs and the second for those quoted in Japanese yen. It's the common reference traders use to describe how far a market has moved, independent of the pair's absolute price level.
The monetary value of one pip depends on the instrument's contract size, its quote currency, and your position size — the same pip movement is worth a different amount on a 0.1-lot position than on a 5-lot position, and a different amount on EUR/USD than on USD/JPY. Knowing this figure in advance lets you translate a stop-loss or take-profit distance in pips directly into a monetary amount.
The monetary value of one pip depends on the instrument's contract size, its quote currency, and your position size — the same pip movement is worth a different amount on a 0.1-lot position than on a 5-lot position, and a different amount on EUR/USD than on USD/JPY. Knowing this figure in advance lets you translate a stop-loss or take-profit distance in pips directly into a monetary amount.
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