Pip value Calculator

Beginner Questions
1

Dear All,

I am newmike, I want to know how to use the pip value calculator ie how to get the vales of all the parameters used in the calculation. Thank you

2

Only two requirements:

  1. Lot size
  2. Another pair’s Ask/Bid price used to allow conversions to your account’s base currency [when needed].

When a/c is in USD and it’s a pair like EURUSD, only the Lot size is required.

Pip Value Calculator, Pip Calculator, Pip Value Information

In MT4, the charts by default show BID price. To see the ASK price (always higher than BID price), quickest way is press F9 (like you’re opening a new trade) and on the left you’ll see the ASK and BID prices (ASK is always the higher one)

Cheers

pip value calc.jpg700×366 23.6 KB

ask_bid_prices.jpg700×352 36.9 KB

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3

There is another tool to calculate pip value on:

FX Pip Value Calculator | SpediaFX

I hope this will help you.