Forex Pip Calculator
Instructions
Input
- Spread(Pips) Enter the gap between the bid and ask prices in pips.
- Instrument Select the trading commodity, for example EUR/USD.
- Lots (trade size) Enter the lot size, which is the contract size you intend to trade.
- Deposit currency Select the account currency to calculate the real cost.
- Pip size Enter the size of each pip, for example EUR/USD=0.0001.
- Current price Enter the current price of the trading instrument.
Result
- Pip value Pip value corresponding to the unit price change.
For most non-japanese yen pairs, for example EUR/USD, 1 pip = 0.0001
For japanese yen pairs, for example USD/JPY, 1 pip = 0.01
For precious metals, for example XAU/USD, 1 pip = 0.01
For example, EUR/USD rises from 1.07370 to 1.07380, it has changed by 1 pip.
When the price of EUR/USD rises from 1.07370 to 1.07375, it changed by 0.5 pip (5 points).
