Pip calculator tool helps you to calculate your profitable pips and value of each pip, “ForexSQ.com experts conducted the best free online FX pip value calculators to calculate
Free Forex Pip Calculator
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With free pip calculators or online CFD Calculators you can complete a number of important trading calculations. Each of the individual FX Calculators uses the latest rates, and calculations can be made using numerous currency pairs. You can also change the values into one of the seven account currencies your trading account is denominated in. On this page you’ll find several CFD Calculators, as well as further information about forex rates.
Easily Make Pip Trading Calculations
There are different types of online Forex calculators tools like the Margin Calculator, which works out how much margin is needed to open a position, and the Profit Calculator, which shows the performance of previous trades, factoring in all the fees. Every FX Calculator includes an explanation of how the calculations are worked out and allows the values to be changed depending on your needs.
More Free Forex Pip Value Calculator Applications
FX Calculators that work out the pip value of each position in your chosen currency, as well as Currency Converter and Commission Calculator are all vital for forex traders.
Some Forex Brokers also have a mobile app available for both Apple and Android devices, which includes all these Forex and CFD Calculators to help you trade on the go.
PIP Value Calculator Example
To manage risk more effectively, it is important to know the pip value of each position in the currency of your trading account.
The Pip Calculator tool does this for you. All you have to do is enter your position details, including the instrument you are trading, the trade size and your account currency. Click ‘Calculate’ and the Pip Calculator will determine how much each pip is worth.
For forex, the Pip Calculator works as follows: Pip Value = (Pip in decimal places * Trade Size) / Market Price
Trading 1 lot of EUR/USD with an account denominated in EUR
One pip in decimals = 0.0001, Trade Size = 100,000, Exchange Rate = 1.13798
0.0001 * 100,000 = 10 => 10 / 1.13798 = 8.78750
Each pip is worth €8.79
For metals, you calculate tick value instead of pip value, and the Pip Calculator works as follows: Tick Value = Tick in decimals (0.01) * Number of Oz
Trading 1 lot (100 Oz) of GOLD with an account denominated in USD
0.01 * 100 = 1
Each tick is worth $1
Free Online PIP Profit Calculators
As each broker has different spreads on currency pairs so there are many online pip profit calculators and you must ask your forex broker if it has online pip profit calculator or no, If your broker dose not provides you pip calculators then you can use other brokers online FX pip value calculator. One of the most popular online pip calculator is the FxPro pip value calculator.