Trade calculators
What one pip is worth on the pair and size you are trading.
What one pip is worth on the pair and size you are trading. The page states the equation, the units it expects and the rounding it applies, so the result can be reproduced by hand.
A calculator gives you a number. This one feeds the next: account to risk, risk to position size, position size to the trade, and the trade to expectancy, drawdown and risk of ruin.
See the performance tools →A pip is the fourth decimal place on most pairs and the second on JPY-quoted ones. The value follows from the contract size: 100,000 × 0.0001 = $10.
One standard lot of a USD-quoted pair, and one of USD/JPY at 156.20:
On a USD-quoted pair, $10 per standard lot, $1 per mini and $0.10 per micro. On JPY-quoted pairs it depends on the rate, around $6 to $7 per standard lot at recent levels.
Because a pip there is 0.01 rather than 0.0001, and the quote is in yen, so the dollar value has to be divided by the current rate.
A tenth of a pip — the fifth decimal place on most pairs, the third on JPY-quoted ones. Brokers quote them for finer pricing; the value is a tenth of the pip value.
A calculator answers one question and raises the next. These are the ones this figure feeds into.
Convert a position size into standard, mini and micro lots for your broker.
Potential profit and loss on a trade, with costs included rather than assumed away.
The spread in currency terms, and as a percentage of the risk on the trade.
Pip Calculator · rounding shown to the precision displayed