Pip value
Lots × Units/lot × Pip size × Conversion rateThe quote-currency pip value is converted to your account currency using the rate you supply.
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Know your numbers.
Before you trade.
Powerful, simple forex calculators to help you understand pip value, size positions, estimate margin and model profit or loss.
✓ Transparent formulas✓ No registration✓ Runs in your browser
THE TOOLKIT
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Pip value calculator
Find the monetary value of one pip for your trade.
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Important: Results are mathematical estimates, not executable quotes or trading advice. All rates are manually entered, not live. Broker contract size, conversion methods, fees and margin requirements may differ. Confirm values in your trading platform.
MADE TO BE UNDERSTOOD
Every number has a formula.
No black boxes. Here's the underlying logic used by the calculators.
Position size
Risk amount ÷ (Stop pips × Pip value per lot)Estimate the maximum lot size for your chosen risk percentage and stop distance, before costs or slippage.
Required margin
Units × Entry price × Conversion ÷ LeverageEstimate initial margin in account currency assuming constant leverage and no tiered margin requirements.
Profit / loss
Price difference × Units × ConversionCalculate a directional trade's gross result, excluding spread, commissions, financing and execution costs.
TRADING BASICS
Smarter starts with clarity.
A few fundamentals that every forex trader should understand.
What is a pip?
A pip is typically 0.0001 for non-JPY forex pairs and 0.01 for JPY-quoted pairs. Pip values depend on contract size and quote currency.
Calculate pip value ↗Why position size matters
Position sizing connects account size, stop distance and planned risk. Slippage can cause actual losses to exceed a planned amount.
Calculate position size ↗Margin is not risk
Required margin is collateral for a leveraged position—not the maximum amount you can lose. Leverage amplifies both gains and losses.
Calculate margin ↗FAQ
Good questions.
Clear answers.
We built PipMetric to make trading arithmetic understandable, not to encourage trading.
Are the exchange rates live?
No. PipMetric does not download live prices. Enter your own market and conversion rates, then confirm them in your trading platform.
Does one standard forex lot always contain 100,000 units?
100,000 units of the base currency is the standard convention for many spot forex pairs. Broker-specific instruments and CFDs can use different contract sizes, which is why our calculators allow you to edit units per lot.
Can I use the position size result as an exact risk limit?
No. It is a pre-trade estimate based on the inputs provided. Spread, slippage, gaps, commissions and trading rules can increase your realized loss.
Does PipMetric recommend brokers or provide investment advice?
No. This version provides educational tools and information only; it does not recommend financial products, transmit trades or collect broker-enquiry leads.