Calculate the exact value of a pip in your trades.

Formula:

For most currency pairs, a pip is 0.0001 (fourth decimal place). For JPY pairs, a pip is 0.01 (second decimal place). The pip value depends on the currency pair, your account currency, and position size.

Important Notes:

• Standard Lot = 100,000 units of base currency
• Mini Lot = 10,000 units of base currency
• Micro Lot = 1,000 units of base currency
• Pip values vary based on currency pair and account currency
• Always verify with your broker's specifications