Pip Calculator
Calculate pip value instantly and manage your forex risk better
The Ohio Markets Pip Calculator helps traders quickly calculate the value of a pip for any forex trade. Knowing your pip value allows you to better manage risk, position size accurately, and understand potential profit or loss before entering a trade.
This tool is essential for forex traders of all experience levels.
What Is a Pip in Forex Trading?
For most forex pairs:
1 pip = 0.0001
For JPY pairs:
1 pip = 0.01
Example:
EUR/USD moves from 1.1000 to 1.1001 → 1 pip
USD/JPY moves from 150.00 to 150.01 → 1 pip
What Is a Pip Calculator?
A Pip Calculator is a trading tool that calculates how much one pip movement is worth in your account currency, based on:
Currency pair
Trade size (lot size)
Account currency
A pip (Percentage in Point) represents the smallest standard price movement in a currency pair.
How to Use the Pip Calculator
Select the currency pair
Choose your lot size (standard, mini, micro, or custom)
Enter your trade size
Select your account currency
Instantly view:
Pip value per 1 pip
Value of multiple pip movements
This helps you estimate potential profit or loss before placing a trade.
Standard Forex Lot Sizes
| Lot Type | Lot Size | Pip Value (Approx.) |
|---|---|---|
| Standard Lot | 1.00 | $10 per pip |
| Mini Lot | 0.10 | $1 per pip |
| Micro Lot | 0.01 | $0.10 per pip |
Values are approximate and may vary depending on the currency pair and exchange rate.
