What is a pip calculator?

A pip calculator is a free tool that shows how much one pip is worth in your account currency for a given pair and lot size. It converts price movement into a real cash figure so you know what each pip means for your account.

How do I calculate pip value?

To calculate pip value, select your currency pair, account currency, and position size, and the calculator returns the value of a single pip instantly. You can then set your stop loss and take profit around that figure in seconds.

Why is pip value different for each currency pair?

Pip value differs by pair because it depends on the currencies involved and your account currency, so a pip on EUR/USD is not worth the same as a pip on GBP/JPY. The calculator handles these conversions automatically for accurate results on any pair.

How does pip value help with risk management?

Pip value helps with risk management by showing exactly how much you gain or lose per pip moved. Combined with your stop-loss distance, it lets you size positions precisely and keep your risk at the level you intend.

Is the pip calculator free?

Yes, the pip calculator is free with no signup. You can use it for any pair, lot size, or account currency, as often as you need, to plan positions quickly.

Free trading tools

Pip value calculator

See exactly what one pip is worth for any instrument and position size: standard, mini and micro lots, converted with live rates.

Your position

Instrument

Position size

lots

1.00 = standard · 0.10 = mini · 0.01 = micro

Number of pips (optional)

pips

See what a move of this size is worth.

Pip value at your size

$10.00

1.00 lots on EUR/USD · $10.00 per pip per 1.00 lot

Size	Lots	Per pip
Standard	1.00	$10.00
Mini	0.10	$1.00
Micro	0.01	$0.10
20-pip move, your size		$200.00

Using built-in exchange rates

How To Use It

Size every trade in three steps

Position sizing is the simplest way to keep one bad trade from doing lasting damage.

1

Pick your instrument

Choose from 30+ forex pairs, gold, silver, indices and crypto. Pip size and contract size are set automatically.

2

Enter your numbers

Balance, risk percentage and your stop, or entry, stop and target prices for the risk calculator.

3

Trade the output

Get your exact lot size, pip value or risk-reward ratio instantly, converted with live exchange rates.

Note: Values assume a USD account and standard contract sizes (100,000 units forex, 100oz gold, 5,000oz silver, 1x indices and crypto CFDs). Contract specs vary by broker, so always confirm with yours. This tool is for general risk management and is not financial advice.

Calculator FAQ

Trading calculator questions

The maths behind each calculator, and the numbers most traders ask about first.

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How do you calculate lot size in forex?

Lot size = (account balance x risk %) ÷ (stop loss in pips x pip value per lot). Work out your risk amount first, then divide it by what you'd lose per lot at your stop distance.

What is a good risk percentage per trade?

Many traders risk 1-2% of their account per trade, so a run of losses doesn't do serious damage. The right figure depends on your strategy and risk tolerance.

How is pip value calculated?

Pip value per lot = pip size x contract size, in the quote currency. For EUR/USD that's 0.0001 x 100,000 = $10. For pairs not quoted in USD, that amount is converted to dollars at the current exchange rate, which this calculator does automatically.

What is a good risk-to-reward ratio?

Many traders look for at least 1:1.5 or 1:2, risking one unit to make one and a half or two. A higher ratio means you can stay profitable with a lower win rate.

Does this work for gold, indices and crypto?

Yes. Gold uses a 100oz contract (about $1 per point per lot), silver 5,000oz, and indices and crypto use 1x CFD contracts where one lot is worth roughly one unit of the quote currency per point. Broker contract sizes vary, so confirm with yours for exact figures.

What does slippage cost me?

Every pip lost to a late or missed entry has a dollar value. Multiply your signals per week by the pips you typically lose per entry and your value per pip, and the monthly figure adds up fast. The slippage calculator does this for you.

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