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 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 pip value in forex?

Pip Value = (pip value in decimal places × trade size in units)/exchange rate. Despite learning how to use the forex pip calculator, its important what these common terms mean. Lets learn a few major ones

What is a PIP size?

The pip size is 1, that is, one pip is one AUD of the AUS200 price. Also, for a trade size of 5 lots, we see that for a one pip movement, position will gain or lose 2.79 GBP 1 AUD per pip per lot * 5 lots / 1.79 AUD per GBP = 2.79 GBP per pip Prices at time of calculation