Forex Calculators
Free forex calculators for pip value, position sizing, and currency conversion. Essential tools for forex traders of all levels.
Forex Pip Value Calculator
EssentialCalculate the value of a pip for any currency pair and position size. Supports standard, mini, and micro lots with automatic currency conversion.
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Forex Trading Basics
Forex (foreign exchange) is the largest financial market in the world. Currency pairs are quoted with bid/ask prices, and profits are measured in pips.
- Major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF
- Cross pairs: EUR/GBP, GBP/JPY, EUR/JPY
- Leverage allows controlling large positions with small capital
- Pip value varies by pair, lot size, and account currency
Frequently Asked Questions
What is a pip in forex?
A pip (percentage in point) is the smallest price move in a currency pair. For most pairs, a pip is 0.0001 (4th decimal place). For JPY pairs, a pip is 0.01 (2nd decimal place).
How do I calculate pip value?
Pip value = Pip size × Lot size. For a standard lot (100,000 units) on EUR/USD, one pip = 0.0001 × 100,000 = $10. For mini lots (10,000), it's $1 per pip. For micro lots (1,000), it's $0.10 per pip.
What are lot sizes in forex?
Standard lot = 100,000 units of base currency. Mini lot = 10,000 units. Micro lot = 1,000 units. Nano lot = 100 units. Smaller lot sizes allow traders to risk less per trade.
How do I convert pip value to my account currency?
If your account currency differs from the quote currency, divide the pip value by the exchange rate. Our calculator handles this conversion automatically when you select your account currency.
Why is pip value important?
Knowing your pip value is essential for position sizing and risk management. It tells you exactly how much you'll gain or lose per pip of price movement, helping you size trades appropriately.