Pip Profit Calculator
Instantly calculate how much profit your pip movements are worth in real currency. Use this tool to make smarter forex decisions before you place a trade.
Pip Profit Calculator
Calculation Results
Currency Pair:
Lot Size:
Pips:
Account Currency:
Profit/Loss:
How the Pip Profit Calculator Works
Our pip profit calculator helps you convert pip movements into actual profit or loss in your account currency. Here's how it works:
- Select your currency pair - Choose from major and minor pairs
- Enter your lot size - Standard (1.0), Mini (0.1), Micro (0.01), or custom size
- Input the number of pips - Use positive values for profit scenarios, negative for loss
- Select your account currency - The currency your trading account is denominated in
The calculator then uses the formula:
Profit/Loss = Number of Pips × Pip Value × Lot Size
The pip value varies based on the currency pair, lot size, and your account currency. Our calculator handles all these variables automatically to give you accurate results.
Frequently Asked Questions
A pip (percentage in point) is the smallest price movement in a currency pair. For most currency pairs, a pip is the fourth decimal place (0.0001). For currency pairs involving the Japanese yen, a pip is the second decimal place (0.01). Pips are used to measure price changes and calculate profits or losses in forex trading.
The pip size directly impacts your profit or loss in forex trading. Larger lot sizes mean each pip is worth more money. For example, with a standard lot (100,000 units) of EUR/USD, each pip is worth approximately $10. With a mini lot (10,000 units), each pip is worth about $1. Your total profit or loss is calculated by multiplying the number of pips gained or lost by the pip value for your position size.
Our pip profit calculator provides highly accurate results for all major, minor, and exotic currency pairs. It accounts for the current exchange rates, different pip definitions (4 or 2 decimal places), and automatically converts profits to your account currency. The calculator is regularly updated to ensure accuracy, making it a reliable tool for forex traders of all experience levels.