Tools / Pip Calculator

Forex Pip Calculator

Know what one pip, point, or tick is worth in real money at your position size before you trade.

Free · no signup · FX, gold, indices and futures
live rates
Instrument
Account currency
Position size (lots)
Value per pip at this size
10.00USD
Standard lot (1.00)$10.00
Mini lot (0.10)$1.00
Micro lot (0.01)$0.10
1 pip = $10.00 / lot

One pip on this trade is worth $10.00. Do you know that before every entry?

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New to this? Read the pip explainer in plain English.

What pip value really means

A pip measures how far price moved. Pip value measures what that move does to your account. Two traders can catch the same 30 pip move and make or lose different amounts because their sizes give every pip a different money value.

The formula

Pip value = pip size × contract size × position size, converted into the account currency. On one standard lot of EURUSD, 0.0001 × 100,000 equals $10 per pip.

Pips, points, and ticks

Most forex pairs use pips, yen pairs use a 0.01 pip, metals and indices are commonly read in points, and futures trade in ticks. The name changes, but the question is identical: how much money does one minimum quoted move represent?

Frequently asked questions

What is a pip?
A pip is the standard movement unit for a currency pair: usually 0.0001, or 0.01 for yen pairs.
How much is one pip worth?
On one standard lot of EURUSD in a USD account, a pip is $10. A mini lot is $1 and a micro lot is $0.10. Other pairs and currencies convert at the current rate.
Why does pip value move for JPY pairs?
One standard-lot pip is 1,000 yen. Its value in another account currency changes as the exchange rate moves.
Do I need a TradeDNA account?
No. The calculator is free and standalone. A TradeDNA account shows the real money at risk across the positions you actually took.
Forex Pip Calculator - Free Pip Value Tool | TradeDNA