Forex calculators
Work out what one pip is worth, and how big a trade should be so you only risk what you planned to. Uses the latest exchange rates and a USD account.
Pip value calculator
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Position size calculator
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How it works
What is a pip?
A pip is the standard unit for price moves in forex. For most pairs it's the fourth decimal place (0.0001). For pairs with the Japanese yen it's the second (0.01).
What is a lot?
A standard lot is 100,000 units of the first currency in the pair. A mini lot is 0.1 (10,000 units) and a micro lot is 0.01 (1,000 units).
Why position size matters
Many traders risk only 1 to 2% of their account on a single trade. The position size calculator tells you how many lots to trade so that hitting your stop loss costs exactly that amount.