What is a pip calculator?

A pip calculator is an essential trading tool for risk management. The calculator is used to work out the pip value of forex pairs, precious metals, indices, and more, in the account currency. How does our pip calculator work?

What is the pip value of AUD/USD?

If the price of AUD/USD is at 0.7500 and you are trading 1 mini lot (10,000 units) of EUR/USD, pip value would be $0.75. However, if the AUD/USD price goes up to 0.8000, the pip value would go up to $0.80 for the EUR/AUD.

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.

What is a pip in currency trading?

For most currency pairs 1 pip is 0.0001; for currency pairs with the Japanese Yen, such as USD/JPY, 1 pip is 0.01. When trading metals, 1 pip for Gold and Silver is 0.01. When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1 pip. With 5-digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip.