Pip value calculator for Forex and cryptocurrency pairs
The smallest indicator of a Forex price change is a point, or in other words, the last digit in the quote.
The value of this indicator is quite important since it often calculates the speed of price movement and indicates the parameters of trading strategies.
You can calculate the cost of a pip in Forex either manually or using a special calculator.
It is clear that the second option is preferable, since in addition to a quick calculation, it allows you to get acquainted with other parameters for the entered currency pair.
How to use the pip value calculator and what does it show?
This tool is often called a trader’s calculator due to the fact that, in addition to the cost of a point on Forex, it shows a lot of other useful data:
Such as:
Contract size - in other words, the lot size for the selected asset, which is also quite necessary information.
The cost of a point depends on the volume of the trade you are going to open, because these two parameters are closely related.
The spread amount is what you need to pay when opening your position.
A rather useful point is that the spread size is indicated both in pips and in the account currency. That is, you will know how many dollars you will have to pay when opening a new order. Swap is a fee for transferring positions to the next day depending on the direction of the transaction, again in points and account currency, taking into account the selected volume.
Margin – required to maintain a position of a given size at the leverage indicator used.
Pip value calculator settings
Everything here is more than simple, from the drop-down menu you just need to select indicators such as instrument, lot, leverage, currency:
Then click on the “Calculate” button and the necessary information will open to your attention.
- Instrument – a currency or cryptocurrency pair involved in settlements.
- Lot – the size of the planned Forex transaction.
- Leverage – the leverage that is set on your account.
- Currency – account currency, a rather interesting point since the account currency may not be in American dollars.
In addition, it should be noted that the planned pip value calculator calculates the size of the spread and swap commission depending on the account option in the RoboForex company.
On the website of this broker you can use the calculated pip value calculator itself - https://ru.roboforex.org/
You can also use a similar tool on our website - http://time-forex.com/kalkulytor-treydera In addition to the assets listed above, it contains metals, securities and futures.