Forex
Forex Pip Calculator: Pip Value and Lot Size
Choose the type of currency pair, enter the rate if it is needed and your position size to get the value of one pip in dollars. Then enter your balance, risk per trade and stop in pips to get the lot size.
Forex pip value and lot size calculator
- Pip value
- $10.00
- for 1 lots (100,000 units)
- Standard lot (100,000)
- $10.00
- Mini lot (10,000)
- $1.00
- Micro lot (1,000)
- $0.10
Lot size from your risk
- Lot size
- 0.40
- 40,000 units
- Planned risk
- $100.00
- Risk at this size
- $100.00
For a USD account. XXX/USD pairs (EUR/USD, GBP/USD) are worth a fixed $10 a pip per standard lot; USD/XXX pairs divide by the rate; for cross pairs enter the quote currency’s rate against the dollar. The lot size is rounded down to 0.01 so the risk never exceeds the plan.
The calculator runs in your browser. Nothing you type is saved or sent anywhere.
Educational tool, not financial advice. The results only reflect the numbers you enter and say nothing about future returns. Trading involves a substantial risk of loss.
How to use the pip calculator
- Choose the pair type: XXX/USD when the dollar is quoted second (EUR/USD), USD/XXX when it comes first (USD/JPY), or a cross pair with no dollar (EUR/GBP).
- Pick the pip size: 0.0001 for most pairs, 0.01 for pairs quoted in yen.
- Enter the pair’s rate for USD/XXX pairs, or the quote currency’s rate against the dollar for crosses, then your position size in lots.
- Read the pip value for your position and for a standard, mini and micro lot.
- For sizing, enter your balance, the share you accept to lose and your stop in pips: the calculator returns the lot size, rounded down.
The pip value formula in plain words
A pip is the fourth decimal of most currency prices, or the second for yen pairs. One pip on a position is worth the pip size times the number of units, in the quote currency, the second currency of the pair. The calculator then converts that amount into dollars.
For lot size, your risk in dollars is the balance times the risk percent. Divide it by the stop in pips times the pip value of one standard lot and round down to the nearest 0.01 lot.
Pip value (quote currency) = pip size × units
XXX/USD: pip value in $ = pip size × units
USD/XXX: pip value in $ = pip size × units ÷ rate
Cross: pip value in $ = pip size × units × quote currency’s rate in $
Lots = (balance × risk %) ÷ (stop in pips × pip value per standard lot)
Worked example
A $10,000 account trades one standard lot, 100,000 units, on three pairs.
- EUR/USD: 0.0001 × 100,000 = $10.00 a pip.
- USD/JPY at 150.00: 0.01 × 100,000 = ¥1,000, and ¥1,000 ÷ 150 = $6.67 a pip.
- EUR/GBP with GBP/USD at 1.27: 0.0001 × 100,000 = £10, worth $12.70.
- Sizing a EUR/USD trade with a 1% risk ($100) and a 25-pip stop: $100 ÷ (25 × $10.00) = 0.40 lots, or 40,000 units.
- The same $100 on USD/JPY with a 30-pip stop: $100 ÷ (30 × $6.667) = 0.50 lots.
Questions
What is a pip in forex?
The standard unit of price change: 0.0001 for most pairs and 0.01 for yen pairs. Many platforms quote a fifth decimal, a pipette, worth a tenth of a pip. The forex for beginners lesson explains pairs, pips and lots.
Why does the pip value change on USD/JPY?
Because the pip is worth a fixed amount of yen, ¥1,000 per standard lot, and the dollar value of that yen moves with the exchange rate. On XXX/USD pairs the pip is already in dollars, so its value stays at $10 a standard lot.
How does leverage change the lot size?
It does not change the risk calculation. Leverage only sets how much margin the broker holds for the position; the money you lose at the stop depends on the lot size and the stop distance. See leverage and margin.
UpTickFlow is our product. These guides are education, not financial advice. Trading involves a substantial risk of loss.