The Pip Calculator is powered by Investing.com
A Pip Calculator is a forex trading tool used to calculate the value of a pip — the smallest price movement in a currency pair.
What is a pip?
In forex:
- A pip usually means 0.0001
- For Japanese yen pairs, it’s usually 0.01
Example:
- EUR/USD moves from 1.1000 → 1.1001 = 1 pip
- USD/JPY moves from 150.20 → 150.21 = 1 pip
What does a Pip Calculator do?
It helps traders determine:
- how much money they gain or lose per pip movement
- position sizing
- risk management
- stop-loss impact
The calculation depends on:
- currency pair
- trade size (lot size)
- account currency
- exchange rate
Example
If you trade:
- EUR/USD
- 1 standard lot (100,000 units)
then:
- 1 pip ≈ $10
So:
- 20 pip profit = about $200
- 15 pip loss = about $150
Common lot sizes
| Lot Type | Units | Approx. Pip Value |
|---|---|---|
| Standard Lot | 100,000 | ~$10/pip |
| Mini Lot | 10,000 | ~$1/pip |
| Micro Lot | 1,000 | ~$0.10/pip |
Why traders use it
A Pip Calculator helps avoid risking too much money on a trade.
Example:
- Account balance: $1,000
- Risk per trade: 2% = $20
- Stop loss: 20 pips
The calculator helps determine the correct lot size.
Popular online pip calculators:
- Babypips Pip Calculator
- Myfxbook Pip Calculator
- Investing.com Pip Calculator
- FXTM Pip Calculator
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