Forex calculators
Different forex calculators will help you to generate pivot points for any given time period, find out the value of 1 pip in USD for any lot size and any major or cross currency pair, generate basic Fibonacci retracement values for any given trend, find out the risks and rewards associated with your possible position's targets and many more.
Pip Value Calculator
Pip Value Calculator
Calculate the pip value in US dollars - a fairly simple task, if we are talking about pairs like EUR / USD, GBP / USD. However, it can be difficult to say how much 1 point costs for couples that are not quoted for the currency of your account. For example, for pairs EUR / JPY and EUR / AUD, and you have account in dollars and lots of varying sizes. It is also necessary to know for such pairs the current price of buy \ sale for converting the value of item.
We offer you our calculator of position size for these purposes. With its help you can calculate the optimal volume of trading positions, taking into account your stop-loss, acceptable risk and account size.
Although knowing the actual value of a pip in the U.S. dollars is trivial for such currency pairs as EUR/USD, GBP/USD, it is quite hard to tell the pip value for these currency pairs if your account is denominated in other currencies, or for any other pairs, which have a base currency other than your account is.
These currency pairs also require the knowledge of the bid/ask price to convert the pip value to the account currency.