Pip Calculator

What Is a Pip in Forex Trading?
A pip is the smallest possible price movement in the Forex market, typically measured to the fourth decimal place of a currency pair. For example, if EUR/USD shifts from 1.1001 to 1.1002, that change equals one pip.

How Much Is a Pip Worth?
The value of a pip varies based on the currency pair you’re trading and the currency in your trading account. For instance, if you’re trading EUR/USD with an account funded in US dollars, one pip is usually worth $0.01 per unit traded.

Why Is Pip Value Important?
Knowing the pip value is crucial because it directly influences your profit or loss on each trade. Accurate pip value calculations help determine the right position size and manage risk effectively, preventing overexposure or underutilization of capital.