Find out what one pip is worth for any forex pair, gold or silver at your trade size.
Pip size—
Pip value (quote currency)—
Pip value (USD)—
What is a pip?
A pip ("percentage in point") is the standard unit for measuring how far a currency pair's price moves. For most pairs it is the fourth decimal place, 0.0001. For pairs quoted in Japanese yen it is the second decimal place, 0.01. Many platforms also show a fifth (or third) decimal, called a pipette, which is one tenth of a pip.
How pip value is calculated
Pip value = pip size × contract size × number of lots, giving a result in the pair's quote currency. If your account is in a different currency, the result is then converted at the current exchange rate.
Examples
EUR/USD, 1 lot: 0.0001 × 100,000 = $10 per pip.
USD/JPY at 150.00, 1 lot: 0.01 × 100,000 = ¥1,000 per pip, which is about $6.67.
EUR/USD, 0.10 lots (mini lot): $1 per pip.
Knowing pip value is the first step to sizing positions correctly. Once you know it, use the position size calculator to match your trade size to the amount you're willing to risk.
Disclaimer: results are estimates for educational purposes and assume standard contract sizes (100,000 units for forex, 100 oz for gold, 5,000 oz for silver). Check the contract specifications in TradeLocker before trading. CFDs are leveraged products and you can lose your money.
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