Free tool
Find out what one pip is worth in US dollars for your lot size, on forex majors and crosses, gold, silver, indices and Bitcoin.
Pip size used for EURUSD: 0.0001 · 1 lot = 100,000 units. Pre-filled prices are examples: type today's price for an exact figure.
1 pip is worth
$10.00
for 1 lot of EURUSD
A 20-pip move = $200.00
Standard (1)
$10.00
Mini (0.1)
$1.00
Micro (0.01)
$0.10
Pip value = pip size × contract size × lots
Once you know the pip value, sizing is simple: lots = money at risk ÷ (stop in pips × pip value per lot). Our lot size calculator does it for you, and the risk-reward calculator shows the win rate your target needs.
A pip is the standard price step for a market. For most forex pairs it is 0.0001; for yen pairs it is 0.01. On gold many brokers count 0.10 as a pip, and on indices traders usually count 1 point.
On a standard lot (100,000 units) one pip on EURUSD is worth $10. A mini lot (0.10) is $1 and a micro lot (0.01) is $0.10.
Pip value = pip size × contract size × lots, in the quote currency. If the quote currency isn't your account currency, convert it: divide by the price for USD-base pairs like USDJPY, or multiply by the quote-to-USD rate for crosses like EURGBP.
With 1 lot = 100 ounces, a $0.10 move (one pip on most brokers) is worth $10 and a $1 move is worth $100. Some brokers count $0.01 as a pip, so check your platform's specification.
Contract sizes, pip definitions and live exchange rates differ between brokers. Use this as a quick guide and confirm with your broker's contract specification.
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