Calculators for every trade
Position size, pip value, risk to reward, margin, compounding and drawdown recovery, with your balance filled in.
Pip value calculator
See what one pip or point is worth in your account currency for any lot size, on forex pairs, gold, silver, indices, crypto and oil.
How the pip value calculator works
Step by step
- A pip is the standard unit of price movement: 0.0001 for most forex pairs, 0.01 for yen pairs. Gold, indices and crypto move in points.
- One pip for one lot is worth the contract size times the pip size, in the currency the instrument is quoted in.
- If that quote currency is not your account currency, the value is converted with the price you enter.
Formula
Pip value (quote currency) = contract size × pip size × lots Pip value (account currency) = pip value (quote) × conversion rate
Example
On EURUSD one standard lot is 100,000 euros and a pip is 0.0001, so one pip is worth 100,000 × 0.0001 = $10. On USDJPY at 150.00 one pip is ¥1,000, which is $6.67 for a USD account.
Questions about pip value
What is a standard, mini and micro lot?
A standard lot is 1.00 (100,000 units in forex), a mini lot is 0.10 and a micro lot is 0.01. Pip value scales in the same proportion.
Is a pip the same as a point?
Not always. Many platforms show five decimals on forex, where the last digit is a tenth of a pip (a point). This calculator uses full pips for forex and the pip size shown for other instruments.
Does pip value change over time?
It stays the same when the quote currency equals your account currency. Otherwise it changes with the exchange rate used for the conversion.
Why is the pip value of USDJPY not a round number in dollars?
USDJPY is quoted in yen, so one pip is worth 1,000 yen per standard lot. Converted to dollars at the current price, that is about $6 to $7, and it changes as the price moves.
Do I need the pip value to size a position?
Yes. Position size is your risk amount divided by the stop loss distance times the pip value. The position size calculator does both steps for you.
Every pip counted, every trade logged
In JammalFX each trade in your journal shows its result in pips and money, your analytics break it down by symbol and session, and the calculators sit one click away in the app.