How do I use a pip calculator?

This pip calculator enables you to work out your profit or loss per pip on each trade you make, as well as the required margin. Simply select your base currency and trade size, then choose your market from the list below. The margin you’ll need in your account – calculated in your chosen base currency.

How do I convert pip value to currency?

Depending on your account base currency, you would need to convert the pip value accordingly. Pip Value = (1 pip / Quote Currency Exchange Rate to Account Currency) * Lot size in units For example, the pip value of EURUSD is $10 per pip with a standard lot size and a USD account: Pip Value = (0.0001 / 1)*100000 = $10.

How does AXI Pip calculator work?

How does our pip calculator work? To calculate the value of a pip, the Axi pip calculator multiplies one pip (usually 0.0001) by the trade size (in lots), and dividing this by the real-time market rate of forex pair. The pip size is 1, that is, one pip is one AUD of the AUS200 price.

How much is 1 pip worth?

If it is quoted to the 4th decimal place, then 1 pip (or the smallest change) will be 0.0001 USD. The Pip Value Shares calculator computes the amount one pip of your shares or index position is worth in the currency of your account. In the stock market, the smallest change is measured in points, not in pips, but the principle is the same.