A Pip Calculator helps you quickly determine the value of a pip for any trade size and currency pair. It’s a useful tool for managing risk and calculating potential profits or losses before placing a trade.
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pips
What is a Pip?
For most currency pairs, 1pip is 0.0001: for currency pairs with the Japanese Yen, such as USD/JPY, 1pip is 0.01. When trading metals, 1pip for gold and silver is 0.01.
Example
Example: When the EUR/USD moves up from 1.0925 to 1.0926, the change is 1pip. With 5 –digit pricing, if the EUR/USD moves up from 1.09255 to 1.09260, the move would be half a pip.
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