Calculate your potential returns with precision. Support for all major currency pairs, multiple lot types (Standard, Mini, Micro), and automatic pip value calculations.
1. Select Currency Pair: Choose the pair you are trading. This determines the pip size (0.0001 for most, 0.01 for JPY pairs).
2. Choose Lot Type: Select Standard (100k units), Mini (10k units), or Micro (1k units) based on your account size.
3. Enter Price Details: Input your entry price and intended exit price. The tool will automatically calculate the pip difference.
4. Analyze Results: Review your gross P&L and the value of a single pip for your current position size.
Understanding your Pip Value is the foundation of Forex risk management. It tells you exactly how much money you stand to gain or lose for every point the market moves.
A professional trader never enters a position without knowing the dollar-per-pip impact. For example, on a 1 Standard Lot of EURUSD, 1 pip is worth exactly $10. On a Micro Lot, it is only $0.10.
Tip: Always aim for a Risk/Reward ratio of at least 1:2. Use our tool to visualize if your target exit price justifies the risk.
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This calculator is part of our professional suite of Forex currency calculators. Explore the fullForex Trading Toolkitto optimize your strategy and manage risk like a professional.
Expand your market intelligence and master risk management with our top recommended professional trading literature.
Explore related calculators to sharpen your edge
Calculate the dollar value of a pip for any lot size and currency pair
Calculate the optimal lot size based on your risk percentage and stop loss
Calculate required margin and leverage impact for forex positions
Convert between standard, mini, and micro lots for precise trading