How many units of currency can we trade? What size positions can we trade and what are they called?Read More
How much is each pip worth?
This tool will help you determine the value per pip in your account currency, so that you can better manage your risk per trade.
All you need is the currency your account is denominated in, the currency pair you are trading, your position size, and the exchange rate asked to calculate the pip value.
Are you about to enter a trade? You might also want to check out our position size calculator.
It can help you to calculate the optimal size of your initial position depending on your stop-loss in pips, risk tolerance and account size.
I am aggressive when there is a trading opportunity, and I back away from the market just as quickly when the opportunity passes.Amrit Sall