Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

# Pip Calculator

## What is a pip calculator?

To manage risk more effectively, it is important to know the pip value of each position in the currency of your trading account.

The FxPro Pip Calculator 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.

## How to calculate the pip?

Example:

Trading 1 lot of EUR/USD with an account denominated in EUR

One pip in decimals
0.0001
100,000
Exchange Rate
1.13798
0.0001 * 100,000 = 10 => 10 / 1.13798 = 8.78750

For forex, the Pip Calculator works as follows:

Pip Value = (Pip in decimal places * Trade Size) / Market Price
Example:

Trading 1 lot (100 Oz) of GOLD with an account denominated in USD

0.01 * 100 = 1

Each tick is worth \$1

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