Pip Calculator
Forex pairs are 100,000 units per 1 lot
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image
Units per 1 lot vary on non-forex pairs, please check with your broker
In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image
What are Pips in Trading
Pips in trading is the definition of the smallest price change a currency pair (and other financial instruments) can make, except for fractions of a pip or "pipettes".
For the majority of the currency pairs, 1 pip is 0.0001. For currency crosses with the Japanese Yen such as the EUR/JPY, 1 pip is 0.01. For metals, Silver and Gold 1 pip is 0.01.
As an example, when the GBP/USD moves up from 1.3935 to 1.3936, the change in price is 1 pip. With 5-digit brokers, if the GBP/USD moves up from 1.39355 to 1.39360, the change in price is half a pip (0.5 pip).
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