Trader's Second Brain
Pip Value Calculator
Calculate the value of a pip for any currency pair and lot size. Essential for proper position sizing and risk management.
What is a Pip in Forex?
A pip (percentage in point or price interest point) is the smallest standardized price movement in forex trading. Understanding pip values is essential for calculating profits, losses, and managing your risk properly.
Pip Decimal Places by Pair Type
| Pair Type | 1 Pip | Example |
|---|---|---|
| Most pairs (EUR/USD, GBP/USD) | 0.0001 | 1.08500 → 1.08510 = 1 pip |
| JPY pairs (USD/JPY, EUR/JPY) | 0.01 | 149.50 → 149.51 = 1 pip |
| Gold (XAU/USD) | 0.01 | 2050.00 → 2050.01 = 1 pip |
Standard Lot Sizes
| Lot Type | Units | Pip Value (USD pairs) |
|---|---|---|
| Standard | 100,000 | $10 per pip |
| Mini | 10,000 | $1 per pip |
| Micro | 1,000 | $0.10 per pip |
| Nano | 100 | $0.01 per pip |
Why Pip Value Matters
Accurate Position Sizing
Knowing your pip value allows you to calculate exact position sizes for your desired risk level. Without this, you can't properly implement the 1% or 2% risk rule.
Cross-Currency Calculations
When trading pairs that don't include your account currency, pip values change with exchange rates. A 50-pip move in GBP/JPY has a different dollar value than 50 pips in EUR/USD.
Comparing Pairs
Understanding pip values helps you compare the real cost of trading different pairs. Some pairs may look similar in price movement but have very different pip values.
You know what a pip is worth. But how many pips are you actually capturing?
Trader's Second Brain tracks your real pip performance across every pair and session — so you can see which setups deliver pips and which ones just cost you spread.
See your pip statsFrequently Asked Questions
Pip values are just the start
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