💱 Major Pair Trading
EUR/USD Pair: EUR/USD Lot Size: 1.0 Standard Account: USD Pips: 10
Pip Value: $10.00
10 Pips = $100.00
Most liquid currency pair with tight spreads. Perfect for beginners and high-frequency trading strategies.
Pip Calculator
Calculate pip values for 40+ forex pairs including majors, minors, exotics, plus Gold (XAU) and Silver (XAG) trading. Features live market rates, position sizing tools, and support for all lot sizes. Perfect complement to our position sizing and risk management calculators.
All Currency Pairs
Real-time Rates
Position Sizing
🎯 Pip Value Calculator
Calculate pip values and position sizes for forex trading
Quick Examples
1 Standard Lot = 100,000 units
For P&L calculations
Pip Value Results
Pip Value: $10.00
P&L for 10 pips: $100.00
Current Rate: 1.1250
Lot Size: 100,000 units
📊 Position Sizing Helper
Suggested Lot Size: 0.5 lots
🔍 Advanced Pip Analysis
Pip Size: 0.0001
Contract Size: 100,000
Base Currency: EUR
Quote Currency: USD
Daily Range (avg): 80 pips
Spread (typical): 0.1 pips
💡 Pip values may vary slightly due to real-time exchange rate fluctuations.
🟡 Connecting... Last updated: --
📊 Live Market Rates
EUR/USD 1.1354
GBP/USD 1.3543
USD/JPY 143.832
USD/CHF 0.8248
AUD/USD 0.6453
USD/CAD 1.3763
EUR/GBP 0.8383
EUR/JPY 163.30
GBP/JPY 194.80
XAU/USD 3304.90
XAG/USD 33.088
EUR/CHF 0.9366
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Understanding Pips in Forex Trading
1
What is a Pip?
A pip (Point in Percentage) is the smallest price move in a currency pair. For most pairs, it's the 4th decimal place (0.0001), except for JPY pairs where it's the 2nd decimal place (0.01).
2
Pip Value Formula
Pip Value = (Pip in decimal places × Trade Size) / Exchange Rate. For USD quoted pairs, it's simply Pip × Trade Size.
3
Position Sizing
Use pip values to calculate position sizes. Divide your risk amount by (pip value × stop loss in pips) to get optimal lot size.
4
Risk Management
Understanding pip values helps you manage risk effectively by knowing exactly how much each pip movement affects your account.
Real Forex Trading Examples
Learn from practical pip value examples across different currency pairs and lot sizes. Click any example to load it into the calculator above.
🏯 JPY Pair Trading
USD/JPY Pair: USD/JPY Lot Size: 1.0 Standard Account: USD Pips: 10
Pip Value: $6.67
10 Pips = $66.70
JPY pairs use 2nd decimal place for pips. Lower pip values but often larger price movements.
🔄 Cross Pair Trading
EUR/GBP Pair: EUR/GBP Lot Size: 1.0 Standard Account: USD Pips: 10
Pip Value: $12.72
10 Pips = $127.20
Cross pairs often have higher pip values and wider spreads. Good for swing trading strategies.
⚡ Scalping Strategy
Mini Lots Pair: EUR/USD Lot Size: 0.1 Mini Account: USD Pips: 5
Pip Value: $1.00
5 Pips = $5.00
Small position sizes for quick scalping trades. Lower risk but requires more trades for significant profits.
Forex Lot Sizes Explained
Nano Lot
100 units
Perfect for beginners and micro accounts. Minimal risk exposure.
EUR/USD pip value: $0.001
Micro Lot
1,000 units
Great for small accounts and learning position sizing.
EUR/USD pip value: $0.10
Mini Lot
10,000 units
Good balance between risk and profit potential.
EUR/USD pip value: $1.00
Standard Lot
100,000 units
Professional trading size. Higher profit/loss potential.
EUR/USD pip value: $10.00
Major Currency Pairs
EUR/USD
The Euro Daily Volume: 24% of forex market
Typical Spread: 0.1-0.3 pips
Pip Value (1 lot): $10.00
GBP/USD
The Cable Daily Volume: 9% of forex market
Typical Spread: 0.5-2.0 pips
Pip Value (1 lot): $10.00
USD/JPY
The Gopher Daily Volume: 13% of forex market
Typical Spread: 0.1-0.5 pips
Pip Value (1 lot): $9.09
Pip Calculator FAQ
What is the difference between a pip and a pipette?
A pip is the 4th decimal place for most currency pairs (0.0001). A pipette is the 5th decimal place (0.00001), which is 1/10th of a pip. Some brokers quote prices with pipettes for more precision.
How do I calculate pip value for JPY pairs?
For JPY pairs, pips are counted in the 2nd decimal place (0.01). The formula is: (0.01 / Current Rate) × Lot Size. For USD/JPY at 110.00 with 1 standard lot: (0.01 / 110.00) × 100,000 = $9.09 per pip.
Why do pip values change?
Pip values fluctuate because they depend on current exchange rates. When the quote currency (second currency) strengthens against your account currency, pip values increase, and vice versa.
How do I use pip values for position sizing?
Divide your maximum risk amount by (pip value × stop loss in pips). For example: $100 risk ÷ ($1 pip value × 20 pip stop loss) = 5 mini lots maximum position size.
What's the relationship between leverage and pip value?
Leverage doesn't change pip values, but it affects the required margin. Higher leverage allows you to trade larger positions with less capital, amplifying both profits and losses per pip movement.
Are pip values the same across all brokers?
Pip values are calculated based on market rates, so they should be very similar across brokers. Small differences may occur due to slight variations in quoted exchange rates.