PIP CALCULATOR

A Pip Calculator, short for “Percentage in Point” calculator, is a valuable tool used in the world of forex trading and financial markets. It is designed to assist traders and investors in determining the potential profit or loss on a trade by calculating the smallest price movement that can occur in a currency pair or other financial instrument.

INSTRUCTIONS:

PIP AMOUNT = LOT SIZE

INSTRUMENT = CURRENCY PAIR

POSITION SIZE = ACCOUNT TYPE

ACCOUNT CURRENCY = ACCOUNT BASE CURRENCY

PIP AMOUNT:

Here you need to put your lot size amount. For Example, if you want to calculate the pip value of 1 lot, then you need to enter ‘1’ on PIP Amount field.

INSTRUMENT:

In instrument section, you need to write or select the pair from the drop-down menu, for which pair you want the details for.

POSITION SIZE:

It’s actually asking your Account Type. If you have Standard Account, you need to write 100,000 units there but if you have Micro Account then please enter 1,000 units there.

ACCOUNT CURRENCY:

Here you need to select your Base-Currency. which you chose during your account registration time. If you followed our video method, then your account currency should be USD.

 

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