## Prepare your trading strategy with accurate pip value data

## Why use a Pip Value calculator?

A pip is the smallest price change in a currency pair. Known as the last decimal point in a currency price, traders need to understand price movements in terms of pips, to help determine the value of directional moves as well as any potential risk. Prepare your own strategy to learn the pip value of your trades, by entering the currency, the pair, and the number of lots.

Select your account base currency

Choose the currency pair to trade

Enter the number of lots to trade

Then click calculate

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## Pip value calculator

The pip value calculator helps you to determine the value of a pip for a currency pair or symbol based on the lot size to be traded. This calculator is particularly useful to better manage risk by helping you to decide on the lot size or volume to trade.

PIP stands for Percentage In Point and measures the price movements in the rate of exchange between two currencies. The pip is the fourth decimal place in the exchange rate and the second decimal place in currency pairs that involve the Japanese Yen.

Currencies are often quoted to five decimal places for a more precise rate of exchange. The fifth decimal place is referred to as a point or pipette and this is a fraction of a pip.

The pip value is used to calculate pipit (or loss) of a trade

#### This is how to use the pip value calculator

Select your account base currency

Choose the currency pair to trade

Enter the number of lots to trade

Then click calculate.

#### Here is an example how profit (or loss) is calculated

The account base currency is denominated in USD

The currency pair to trade is EURUSD

The lot size is 1

- The pip value will be calculated as;
- The lot size multiplied by one pip, or 100,000 x 0.0001, which would be equal to $10 per pip.
- So if a 100 pip price move is captured, the potential profit would be $10 per pip x 100 pips = $1,000.
- If the account base currency was denominated in GBP, this would have to be converted at the current GBPUSD exchange rate.

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