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.
We first make our habits, and then our habits make us.John Dryden