Pip Calculator
Calculate the value of a pip for any forex currency pair and position size. Essential for risk management and position sizing.
Pip Value (EUR/USD)
10.00 USD
per pip · 1 standard lot
10 Pips
100.00
10 Pips
100.00
50 Pips
500.00
100 Pips
1,000.00
Pip Values — All Major Pairs (Standard Lot)
Understanding Pips in Forex Trading
A pip (percentage in point) is the smallest standard price movement in forex. For most currency pairs, a pip is 0.0001 (the fourth decimal place). For JPY pairs, a pip is 0.01 (the second decimal place). Understanding pip values is fundamental to calculating profit, loss, and risk in forex trading.
For a standard lot (100,000 units) of EUR/USD, one pip equals approximately $10. For a mini lot (10,000 units), one pip equals $1. For a micro lot (1,000 units), one pip equals $0.10. These values change when your account currency differs from the quote currency of the pair.
Professional traders use pip calculations for position sizing and risk management. The common rule is to risk no more than 1-2% of your account on any single trade. If your account is $10,000 and you risk 1% ($100) with a 20-pip stop loss, your maximum position size would be $100 / (20 × pip value).